Bay Properties Inc Acquires University Shopping Center In Santa Clara For $15.9M

The University Shopping Center located at 2555-2615 The Alameda in Santa Clara has been sold in a transaction brokered by Maven Commercial. The fully leased 2.9-acre retail space, anchored by Safeway, was sold for a price of $15.9 million. The property is adjacent to Santa Clara University, providing a prime location in the Santa Clara market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,900,000
• Address: 2555-2615 The Alameda, Santa Clara
• Market: Santa Clara

The sale of the University Shopping Center was facilitated by the Bushnell family as the sellers and Bay Properties Inc as the buyers. Dominic Morbidelli, Matthew Sheridan, and Santino DeRose from Maven Commercial represented both parties in this transaction, ensuring a smooth deal. This acquisition provides Bay Properties Inc an opportunity to own a fully leased retail space with great potential in the Santa Clara market.