Target Corp. buys 10 acres at The Plant in San Jose - Silicon Valley / San Jose Business Journal:

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The chain department store has started construction ofa 138,000-square-foo t store at the 646,000-square-foot retaikl center being developed on the 55.4-acre site of the formetr General Electric Motor Plant in San Target will join , , and PetSmart amon g 10 anchors that will account for about 500,0000 square feet of retail space at the complecx on the corner of Curtner Avenu e and Monterey Road, off Highwa y 87. According to the Sedway Group of San the center is expected to generatesome $243 millioj in annual sales revenue. In renovation is planned at the historix office building where GE employees once turned out agricultural and power plant components.
The 17,000-square-footr structure originally built in 1948 will be reincarnateed asa mixed-use property with lowetr level retail and upper level office Ellis Partners has snaggesd Trader Joe's to become a tenant at Palo Alto's Town Country shopping center. A lease for 12,0009 square feet has been signed, and the new store is anticipated to open some timein 2008. Town & originally built in 1950, is undergoing a comprehensive renovation. In planning the renovation, Elli has looked to retain the aesthetivc and feel that is respectful of the originap 1950Town & Countrgy concept, but bring it up to moderm standards.
The $20 million dollar renovation, which will be complete d laterthis year, includes new common structural upgrades, new lighting, as well as improved public areaw and access. Intimate outdoor gathering andseating kiosks, stacked stone seat walls and bricko crosswalks will be added. Great America Plaza sold for $42.7M Inc. said on Jan. 24 that it sold Greaty America Plaza tofor $42.7 million. Jones Lang LaSalle'ss Capital Markets group began marketingthe three-building, low-rise officse campus in Santa Clara on behalf of owner, Grear America Associates LLC, in September 2006. Great America Plaza totalsd 223,799 square feet on 9.
5 acres along Greaty America Parkway and sits opposite the Santa ClaraConventionb Center, Tech Mart and the Hiltonn Hotel. The plaza sits withimn the "Golden Triangle" -- the area boundefd by US-101, State 237 and Interstate-880 -- in one of the most rapidl improving real estate submarkets in the Bay and is about 75 percent leased and Downing Center soldfor $28.25M Crow Holdings of Dallasa has bought the Downing Center in Los Gatod for $28.25 million. The 72,000-square-foot center will reportedly be used forCrow Holdings' latest fund, Crow Holdingz Realty Partners IV LP.
The centert is leased in part to nationaocredit tenants, including a recently remodeled Safeway and, on an outparcel, Hollywood The center is located at the southwesg corner of the intersection of Union Avenue and Los Gatos/Almadej Road, one mile south of Highway 85 and two miles east of Los Gatos Boulevard. has acquired abouy 10.3 acres in San Brunol to build Merimont, a new residential The Palo Alto-based compang said on Jan. 19 it acquired the land for about $30.5 million, and the homes are expected to be completed in 2009.
Locatee at 2396 Evergreen Drive (at Maywoods Drive), the property was purchase d from the San Bruno Park Schoopl District and is the site of the former CarlSandburfg School.