SAN FRANCISCO, CA – December 11, 2013 – HFF announced today the sale of Pacific Commons Shopping Center, an 865,783-square-foot regional power center in Fremont, California.

Noted as one of the largest power centers in Northern California, HFF marketed the property on behalf of the seller, an affiliate of Catellus Development Corporation, a TPG Real Estate investment. Heitman purchased the asset which was subject to an existing loan.

Pacific Commons Shopping Center is located at the southwest corner of Interstate 880 and Auto Mall Parkway. Completed in phases between 2004 and 2006, the center is part of a larger approximately 1.2 million-square-foot retail development situated within an 840-acre mixed-use master planned community that also includes 1.1 million square feet of office/R&D and light industrial space, an 11-dealership auto mall, 440-acre wetland preserve and a 153-acre land parcel with entitlements for 3.4 million square feet of additional office, R&D and retail. Situated on 79.2 acres, Pacific Commons Shopping Center is approximately 97 percent leased and is anchored by tenants such as Lowe’s, Costco, Nordstrom Rack, TJ Maxx, HomeGoods, Staples, Kohl’s, DSW, Target (NAP) and Cinemark Century Theaters (NAP).

Read the rest of the story on The Register – here.

By Robert Carlsen of The Registry

The term “Golden Triangle” harks back to a mysterious and perilous Southeast Asian geography that defies time. It’s also a place that defies law being one of two primary locations in Asia where illicit drugs are produced.

There is a slice of Silicon Valley flanked by Highways 101, 237 and 880, and incorporating parts of Santa Clara, North San Jose, Sunnyvale and Milpitas that bears the same name. The golden moniker is an appropriate descriptor given the level of commercial, residential, retail, entertainment and hospitality real estate projects under way in this small region.

Major tech players such as Google, Cisco, Samsung and others are spreading out in rapid succession here. And they are just the tip of the proverbial iceberg.

According to San Jose Mayor Chuck Reed, the city put together a task force 20 years ago to study economic development opportunities in the fledgling Triangle, which was showing great promise in attracting burgeoning technology companies.

Read the rest of the article on The Registry here.

KB Home is well underway with the construction of 242 for-sale residential homes located on the north side of The Flea Market, bordering Berryessa Road in San Jose. The foundations for the model homes are being formed, and the finished models will open in December 2013.

Borelli Investment Company represented The Flea Market in the sale of 9.5 net acres of excess land in February 2013. Borelli Investment Company is also the project manager on the development of the 120 acre site.

As part of Phase I, Berryessa Road is being renovated in include sidewalks and infrastructure in order to provide a pedestrian-friendly entrance to the future Berryessa BART station. Sierra Road will be opened to Berryessa Road. A walking trail along Coyote Creek will be constructed, and land will be dedicated to the City for a future park to be built next to the entrance of the creek trail.

All inquiries for this project should be directed to Chris Anderson or Ralph Borelli at Borelli Investment Company – 408-453-4700.

1825 De La Cruz Boulevard is affordable Small Office Space near Mineta San Jose International Airport.

If you’re in the market for small and affordable office space in the South San Francisco Bay Area, 1825 De La Cruz Boulevard in Santa Clara is your building. As part of an invigorated marketing campaign, recently appointed leasing agents Larry Bengiveno and Patrick Bumb have worked with the property owner to offer an attractive move-in incentive.

In addition to competitive pricing, take advantage of 1 month free rent with a 1 year lease commitment. These second floor office suites range from 600 – 4,000 sq. ft. and feature fresh paint, new carpet, newly remodeled restrooms, well-maintained grounds and local property management.

With neighbors like Costco, Mineta San Jose International Airport, Santa Clara University and bustling El Camino Real, the location of this building is ideal for your small office use.

For more information on these spaces, or answers to any of your real estate questions, contact Larry Bengiveno and Patrick Bumb at (408) 453-4700.

 
 
 

Google agreed to rent a former shopping mall in Mountain View, in the largest Silicon Valley lease deal of the year, according to the property’s owners.

The former mall is being renovated into an office complex, with completion scheduled for next year, real estate investment firm Rockwood Capital LLC said today in a statement. Once the renovation is completed, the campus will have more than 500,000 square feet of office space on 27.6 acres.

Read the full story at the Silicon Valley Business Journal site.