California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Goldman Sachs Sells Santa Maria Regional Mall
Santa Maria Town Center (SMTC), a 331,804-square-foot regional mall in Santa Maria, CA, has traded hands. The seller was New York-based Goldman Sachs, while the buyer was an undisclosed global insurance company.
Built in 1976, the property is situated on 6.11 acres of land at 100 Town Center East, adjacent to the Santa Maria City Hall, Civic Center, Santa Barbara Superior Court, and the city transit center.
CBRE’s George Good, James Tyrrell, Jimmy Slusher and Philip D. Voorhees represented the seller.
CBRE’s Slusher says, “The property did trade below the original list price of $25,000,000 ($75 PSF), representing a huge value compared to land inclusive replacement cost and providing a low basis for new ownership moving forward.” He adds, “SMTC represents the only enclosed shopping experience or department store option within a 60-mile radius.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




