Adam Ifshin, president of the Tarrytown, NY-based owner, tellsGlobeSt.com that the deal with Ross Stores Inc. of Pleasanton, CAhas been in the works about one year, swinging into motion roughlysix months after a 50,000-sf Tom Thumb was shuttered by its parent,Safeway Inc., also headquartered in Pleasanton. The 17-year-oldWhiterock Marketplace, sitting on 16.3 acres at 11255 Garland Rd.,is now 70.9% leased.
The 20,000-sf balance of the grocery store box is being marketedfor $11 per sf, triple net. Ifshin says other inline openings rangefrom 1,100 sf to 7,200 sf while two pad sites are up for grabs,including Tom Thumb's former fueling station.
"We're doing a real redevelopment here," Ifshin stresses. "Afterthe supermarket closed, some inline tenants went away."
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