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Global Real Estate Investor Shells Out Nearly $260 Million for Stake in Silicon Valley Shopping Center

Northwood Investors Acquires Interest in Bid To Revamp Department Store-Anchored San Mateo, California, Mall
Northwood Investors purchased a stake in the 1.3 million-square-foot Hillsdale Shopping Center in San Mateo, California. (CoStar)
Northwood Investors purchased a stake in the 1.3 million-square-foot Hillsdale Shopping Center in San Mateo, California. (CoStar)
CoStar News
January 5, 2022 | 9:53 P.M.

Private equity giant Northwood Investors is placing a large bet on the future of Silicon Valley's retail market, dropping just shy of $260 million to acquire a majority interest in one of the region's largest department store-anchored shopping centers.

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News | Global Real Estate Investor Shells Out Nearly $260 Million for Stake in Silicon Valley Shopping Center