Federal Realty Buys $62.2 Million Controlling Interest in Silicon Valley Shopping Center

Mountain View, Calif. — Several notable companies are either headquartered or have a major presence within five miles of San Antonio Shopping Center.

Federal Realty Investment Trust has purchased a controlling interest in a 376,000-square-foot shopping center in Mountain View, using a combination of downREIT shares, cash and the assumption of fixed-rate debt based on a total value of $62.2 million. Several notable companies, including Accenture, Genencor, Mercedes-Benz Research & Development, Microsoft, Xerox, Tesla, VMware, Dell, Lockheed Martin, Schering-Plough, Skype, Groupon, Nokia and SAP, are either headquartered or have a major presence within five miles of San Antonio Shopping Center.

San Antonio Shopping Center has nearly 30 national, regional and local tenants including anchors Walmart, Kohl’s, Trader Joe’s and 24 Hour Fitness. The property sits on 33 acres in Mountain View, less than a half of a mile from the Caltrain commuter rail.  

Tagged under