Daly City Serramonte Center LLC purchased the Serramonte Shopping Center, an 862,634-square-foot regional center located at 3-111 Serramonte Blvd. in Daly City, CA, for a confirmed $119 million, approximately $137.95 per square foot. The center first opened in 1968 and was renovated in 1996. There are approximately 138 stores occupying the property including Macy's, Mervyn's and Target. Jones Lang LaSalle will handle the leasing and management for Serramonte Shopping Center.