This Commercial Real Estate with the long term lease in place with Borders is a beautiful building. This property is located at 900 State Street in Santa Barbara.
The Buyer was SIMA Real Estate Fund. Press releases mentioned SIMA bought the building from Radius Group Commercial Real Estate. SIMA also owns the current State Street locations for the Coach and Anthropologie retail stores.
This is the largest Commercial Real Estate deal in Santa Barbara in over two years.
Reports are that before the structure was transformed for retail use, it was used as a Bank of America building.