The property asset involved in the transaction is the Bridgepointe Shopping Center, located at 3000 Bridgepointe Parkway in San Mateo. This retail asset spans 232,000 square feet and sits on approximately 24 acres. It was sold for $127,000,000, translating to a price per square foot of $547.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $127,000,000
• Address: 3000 Bridgepointe Parkway
• Market: San Mateo
• Square Footage: 232,000
• Price Per Square Foot: $547
• Buyer: Joseph Harvey - Cohen & Steers; Brian Kosoy - Sterling Organization
• Seller: Thasunda Brown Duckett - Teachers Insurance and Annuity Association of America

Cohen & Steers and Sterling Organization acquired the asset as part of an investment strategy that reflects confidence in retail markets. Thasunda Brown Duckett represents the seller, TIAA, which is executing an asset divestment strategy that includes recent sales of office properties in San Francisco.