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Foster City Shopping Center Nets Buyer Good Yield

June 13, 20122 Mins read594
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By Jon Peterson A San Diego-based investment trust has achieved a 7 percent yield on a grocery-anchored shopping center in Foster City that it acquired for $17.4 million, all cash, in an off-market deal. Stuart Tanz, president and chief executive of Retail Opportunity Investments Corp., expects the return to rise another half percent or more […]

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