Safeway-anchored retail hub in Pleasanton lands buyer for $70 million-plus

PLEASANTON — A shopping center in Pleasanton was bought for $79.1 million, a price millions less than its most recently assessed value, documents filed on Oct. 1 with the Alameda County Recorder’s Office show.

Pleasanton Gateway Shopping Center, with Safeway as its major anchor tenant, was acquired by an affiliate of real estate investment firm Sterling Organization.

The sale price is 15.9% below the center’s assessed value of $94 million as of January…

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