National Commercial Real Estate News From CoStar Group
Vornado Sells The Plant for $203M
Vornado Realty Trust (NYSE: VNO) has completed two previously announced sales involving retail centers in California and Pennsylvania for an aggregate price of $263 million.
The Plant, a power center located at Curtner Ave. and Monterey Rd. in San Jose, CA, sold for $203 million. The center totals more than 465,000 square feet of retail and office space on 52 acres in the San Jose Central submarket. The main buildings were constructed between...