The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 21, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Brixton Capital Buys 178k sf NoCal Shopping Center

12/19/23

In a recent NoCal retail buy, Brixton Capital acquired Monterey Plaza, a 178.2k sf shopping center in San Jose. The property was sold by a Kimco Realty joint venture with Prudential Global Investment Management for an undisclosed amount.

The open-air, grocery-anchored shopping center in southeast San Jose is located at the intersection of Monterey and Blossom Hill roads, just off Hwy 101. Existing tenants include FoodMaxx, City Sports Club (an LA Fitness affiliate), Dollar Tree, McDonald’s and Taco Bell as well as other community-serving restaurants, retailers, entertainment companies and medical-service providers.

According to Brixton Capital Managing Director of Investments Dan Sutherland, adding Monterey Plaza to their portfolio fits with the firm’s strategy aimed at enhancing shopping centers to better serve the surrounding community. “With the center’s current 71% occupancy rate, there are significant opportunities for our team to drive value through lease up of vacant space and improve the shopping experience for local residents with new retail operators.”

As part of Brixton’s vision for Monterey Plaza, the firm plans to re-tenant a former Walmart storefront and a complete revitalization of the shopping center, including new exterior aesthetics and landscaping.




Return to the previous page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media