The largest power center ever built in San Jose, the Plant includes approximately 500,000 sf of anchors and approximately 140,000 sf of specialty retail and dining options on 55 acres. Located at the corner of Curtner Avenue and Monterey Road, the center was built on the former General Electric Motor Plant property at a cost of approximately $142 million. The developer is a joint venture of retail specialist Westrust and equity partners Pacific Coast Capital Partners and Vornado Realty Trust.
"The center is 88% leased and there are 3 percent of active leases in the works," the source tells GlobeSt.com. The asking lease rate for the remaining smaller spaces was not released by Westrust, but one local broker who placed some tenants in shop space there tells GlobeSt.com that the lease rate was in the range of $50 to $54 per sf.
In addition to the retail space Westrust is renovating a 17,000-sf historic building on the property. The building will have retail on the ground floor and office space above. The center was designed by Kenneth Rodrigues Partners of Mountain View.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
