Safeway Leases Retail Space In Market Park Shopping Center, San Jose

The Market Park Shopping Center located in San Jose has recently been leased. The 65,000-square-foot retail space was leased by Safeway at an asking rent of $72 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: Lease
• Date: 08/02/2018
• Address: Market Park Shopping Center, San Jose
• Tenant: Safeway
• Landlord: SJ Mercado Properties
• Tenant's Representative: SRS Real Estate Partners
• Landlord's Representative: Borelli Investment Company

The Market Park Shopping Center is part of the SJ Mercado Properties' 100,000-square-foot retail center. This retail center is located in Market Park, which is a $3 billion, 120-acre development in San Jose. The development includes 4,000 residential homes that are either built or currently under construction, according to the Market Park's website.