Marina Square, an outlet mall in San Leandro, was recently purchased for $81 million, signaling a robust market for Bay Area retail properties. This shopping center spans approximately 167,300 square feet and features prominent retailers such as Nordstrom Rack, Marshalls, and Nike Outlet, along with various dining options. The property's strategic location by Interstate 880 provides high visibility, attracting around 239,900 vehicles daily. The acquisition by JH Real Estate Partners, a notable player in the California retail market, indicates confidence in the sector despite broader challenges.
Marina Square's recent purchase for $81 million demonstrates the strength of Bay Area retail property values, particularly for bustling outlet malls with high visibility.
JH Real Estate Partners suggests that despite challenges in the retail sector, prime locations like Marina Square can still command significant investment.
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