Nuveen Acquires 174,000 SQFT Marigold Center in San Luis Obispo From First Washington Realty for $58.25MM

Nuveen Real Estate paid $58.25 million for Marigold Center, a 91.6 percent leased, Vons-anchored community center on San Luis Obispo's Broad Street corridor, buying from First Washington Realty a rare Central Coast grocery asset that brokers pitched on lease-up and below-market rents.