Sterling Organization Acquires Retail Property From Nuveen For $127 Million In San Mateo

The retail asset located at 3000 Bridgepointe Parkway in San Mateo has been sold for $127,000,000. The property spans a total of 231,700 square feet, resulting in a price per square foot of $548.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $127,000,000
• Address: 3000 Bridgepointe Parkway
• Market: San Mateo
• Square Footage: 231,700
• Price per Square Foot: $548
• Buyer: Sterling Organization
• Seller: Nuveen
• Broker Representatives: Eric Kathrein, Geoff Tranchina, Daniel Tyner, Gleb Lvovich, Warren McClean - JLL

The transaction was facilitated by broker representatives from JLL, specifically Eric Kathrein, Geoff Tranchina, Daniel Tyner, Gleb Lvovich, and Warren McClean, who played a significant role in the deal between Sterling Organization and Nuveen.