July 2012
The 106,000 square foot single tenant net leased asset was bought and sold by undisclosed investors, who were represented by Pedro Arroyo, David Kram, and Reid Lewis of the Arroyo Commercial Group. This transaction represents one of the largest single tenant net leased retail closings in Northern California since the economic downturn.
The property is situated in a high profile location on El Camino Real next to The Shops at Tanforan, a 974,000 square foot regional mall, with close proximately to Interstate 380, Interstate 280 and Highway 101. Lowe’s is a Fortune 50 company traded on the NYSE with an “A” S&P credit rating.
Arroyo & Company specializes in the acquisition and disposition of commercial and multifamily properties. Please contact us if you would like a market update, an opinion of value, or more information regarding the sale of the San Bruno Towne Center Lowe’s. acdeals@a-c.com