U.S.-based real estate investment trust Gadsden Growth Properties Inc. has bought Mission Hills Square, a mixed-use ground-up development in Fremont, for about $240 million in a cash and stock deal.
The acquisition is in line with Gadsden Growth’s core strategy of buying strong retail and mixed-use assets in secondary markets with robust economic and socio-economic tailwinds.
Mission Hills Square, which includes 158 residential apartment units and 53,900 square feet of retail space, is slated for completion in October 2019.
In November 2018, Gadsden Growth announced plans to merge with U.S. real estate company FC Global Realty Inc.