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Part of Silicon Valley Shopping Mall Sold With Eye on Potential Conversion to Biotech Space

Menlo Equities Acquires Kohl’s-Anchored Retail Property in Redwood City
Silicon Valley developer Menlo Equities paid $45 million for a piece of the Peninsula Mall in Redwood City, California. (CoStar)
Silicon Valley developer Menlo Equities paid $45 million for a piece of the Peninsula Mall in Redwood City, California. (CoStar)
CoStar News
April 19, 2022 | 10:06 P.M.

The shopping racks and shoe displays in a Silicon Valley department store could be replaced with lab coats and liquid nitrogen lines after a local developer's $45 million deal to acquire the site with the potential for conversion to life sciences uses.

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