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MetLife Closes One of Silicon Valley’s Priciest Retail Deals

Insurance Giant Closes More Than $92 Million Purchase of Shopping Center Near Apple’s Global Headquarters
MetLife Investment Management acquired the Homestead Square shopping center in Cupertino, California, as part of a deal that landed one of the highest prices ever paid for a Silicon Valley retail property. (CoStar)
MetLife Investment Management acquired the Homestead Square shopping center in Cupertino, California, as part of a deal that landed one of the highest prices ever paid for a Silicon Valley retail property. (CoStar)
CoStar News
June 5, 2023 | 6:41 P.M.

A strengthening retail industry and a location surrounded by the world's largest tech companies helped a Silicon Valley shopping center land one of the highest prices ever paid in the region amid rising demand among both investors and tenants.

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