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A real estate firm bought a stake in San Mateo’s Hillsdale mall and will take over management of it

Silicon Valley Business Journal

January 4, 2022

A real estate investment firm has purchased a stake in San Mateo’s Hillsdale Shopping Center.

Northwood Investors LLC bought a portion of the retail center last month from The Bohannon Companies, according to a press release and documents filed with the San Mateo County Clerk-Recorder’s office. Northwood paid $256.9 million for its stake, according to the Mercury News. The Business Journal wasn’t able to confirm that price independently, and Bohannon CEO David D. Bohannon II declined to confirm it.