Essex Property Pays $205M for Hayward’s Lincoln Landing, Tops East Bay Averages

A 476-unit apartment complex built on the site of Mervyn’s old department store headquarters just changed hands in downtown Hayward for $205.3 million, cash on the barrelhead. The buyer, Essex Property Group, picked up Lincoln Landing in an all-cash deal along with its roughly 80,500 square feet of ground-floor retail.

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