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

ywyjihu.wordpress.com
The chain department store has startefd construction ofa 138,000-square-foot store at the 646,000-square-footf retail center being developeed on the 55.4-acre site of the former General Electricv Motor Plant in San Jose. Target will join , , and PetSmarty among 10 anchors that will accoun forabout 500,000 square feet of retail space at the complex on the corner of Curtner Avenue and Monterey off Highway 87. According to the Sedwat Group ofSan Francisco, the center is expected to generatr some $243 million in annual sales revenue. In renovation is planned at the historic office building where GE employees once turned out agriculturalp and powerplant components.
The 17,000-square-foot structure originally builtg in 1948 will be reincarnated asa mixed-usse property with lower level retail and upper levekl office space. Ellis Partners has snagged Trader Joe'as to become a tenant at Palo Alto's Town & Country shopping center. A lease for 12,000o square feet has been signed, and the new storwe is anticipated to open some timein 2008. Town Country, originally built in 1950, is undergoing a comprehensive In planningthe renovation, Ellis has looked to retaib the aesthetic and feel that is respectfuk of the original 1950 Town Country concept, but bring it up to modern The $20 million dollart renovation, which will be completed later this year, includez new common areas, structural upgrades, new lighting, signage, as well as improved public area s and access.
Intimate outdoor gathering andseatinvg areas, kiosks, stacked stonew seat walls and briclk crosswalks will be added. Great Americwa Plaza sold for $42.7M Inc. said on Jan. 24 that it sold Greaf America Plaza tofor $42.6 million. Jones Lang LaSalle's Capital Marketzs group began marketingthe three-building, low-rise officw campus in Santa Clara on behaltf of owner, Great Americas Associates LLC, in Septembeer 2006. Great America Plaza totals 223,799 square feet on 9.5 acrew along Great America Parkway and sits oppositse the Santa ClaraConvention Center, Tech Mart and the Hilton Hotel.
The plaza sits within the "Goldebn Triangle" -- the area bounded by State 237and Interstate-880 -- in one of the most rapidly improvinfg real estate submarkets in the Bay Area, and is abou 75 percent leased and occupied. Downing Center sold for $28.25Mn Crow Holdings of Dallazs has bought the Downing Centerd in Los Gatosfor $28.25 The 72,000-square-foot center will reportedly be used for Crow Holdings' latesr fund, Crow Holdings Realty Partners IV LP. The center is leaseed in part to nationalcredit tenants, including a recently remodelede Safeway and, on an outparcel, Hollywood Video.
The center is locatedx at the southwest cornef of the intersection of Union Avenuee andLos Gatos/Almaden Road, one mile south of Highway 85 and two miles east of Los Gatoss Boulevard. has acquired about 10.3 acres in San Bruno to builds Merimont, a new residential community. The Palo Alto-based company said on Jan. 19 it acquired the land for abougt $30.5 million, and the homese are expected to be completedin 2009. Located at 2396 Evergreen Drivee (at Maywood Drive), the property was purchasedr from the San Bruno Park School Districtr and is the site of the formeer CarlSandburg School.