Intero Real Estate Closes Sale of Macy’s in Record Time

Efi Luzon does it again for Sand Hill Properties

Efi Luzon, Senior Vice President of Intero Commercial and managing director of the Luzon Team, a commercial REALTOR with Intero Real Estate Services, Inc., a Berkshire Hathaway affiliate and wholly owned subsidiary of HomeServices of America, Inc., recently represented the buyer for the purchase of the Macy’s at the Sunnyvale Town Center.

The sale happened in a record 3 days to Menlo Park based development firm, Sand Hill Properties. Luzon, also represented Sand Hill Properties for the recent Vallco Mall purchase in Cupertino in November of last year.  “I think this sale is a great opportunity to reinvent this area into the thriving Silicon Valley community it should be. It is my job to keep these transactions moving forward no matter how long it takes, and I'm glad we were able to close this deal so quickly,” says Luzon.

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Based out of Intero’s Los Altos office, Luzon is the leading commercial real estate agent in the greater Bay Area and U.S.  He has over 27 years of real estate experience both nationally and internationally.  His expertise is in selling investment real estate such as apartment buildings, hotels, shopping centers and land for development. Luzon has exclusively represented some of the largest commercial transactions completed in the Greater San Francisco Bay Area. Some of his most notable deals have included the sale of the Hyatt Rickey’s property in Palo Alto, Downtown Sunnyvale Town & Country, and the H&M retail store in San Francisco. He also solely put together the buyer and seller for a transaction that encompassed half of the rental inventory of apartment buildings in East Palo Alto, totaling approximately 1,300 units, assembling over 80 different owners, with an aggregate sale price of over $100 million. As well Luzon represented the sale of the Palo Alto Lumber Yard and Palo Alto Hyatt Cabana now known as the Crowne Plaza Palo Alto.

“Once again, Efi has made the impossible possible. Only someone as experienced as Efi could successfully put together a deal like this and make it happen in record time.” Tom Tognoli, President and CEO of Intero Real Estate Services states.