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SAN MATEO, CALIF. — Villa Plaza, a 13,500-square-foot strip center in San Mateo has sold to Tribeca Companies for $4.8 million. The plaza sold at a 6.8 percent cap rate, and was in financial default on the senior promissory note. The acquisition represented a value-added opportunity for Tribeca, which was represented by Jim Roessler of Roessler Investment Group. The seller, Gallagher Investments, LLC, was represented by Jason Garlock of Park Lane Partners.