The Serra Shopping Center in Milpitas sold for $43.9M. The center is an older center, anchored by Big Lots and Walgreens sitting on 16.4 Acres in Milpitas at the terminus of Highway 237. The buyer, Lap Tang Development Co. intends to redevelop the site into a mixed-use project with 350+ for sale condo units in addition to approximately 130,000 square feet of retail.