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San Francisco Developer Drops $72 Million on Retail Portfolio Purchase

Presidio Bay Ventures Acquires Charleston Plaza Shopping Center Surrounded by Tech-Concentrated Suburbs

San Francisco developer Presidio Bay Ventures acquired the Charleston Plaza shopping center in Palo Alto and Mountain View, California, for nearly $72 million. (CoStar)
San Francisco developer Presidio Bay Ventures acquired the Charleston Plaza shopping center in Palo Alto and Mountain View, California, for nearly $72 million. (CoStar)

The San Francisco developer behind one of Silicon Valley's most prominent mixed-use projects is expanding its foothold in the tech-concentrated region through a nearly $72 million purchase of a suburban retail center that has struggled to stay afloat throughout the pandemic.

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