MERCURY NEWS: SAN JOSE’S BIG EL PASEO DE SARATOGA MALL IS BOUGHT BY BUSY DEVELOPER

‘One of San Jose’s most prominent retail malls, El Paseo de Saratoga, has been bought by a venture headed by busy Bay Area developer Peter Pau, in a major property deal to kick off 2019.

The shopping center, which despite its moniker is located in southwest San Jose, is anchored by big-time names such as the AMC Saratoga 14 theaters, supermarket giant Lucky and sporting goods and outdoor gear giant REI. Smaller merchants include Peet’s Coffee, Jamba Juice, Ulta Beauty and Red Robin restaurant.

“This is a long-term investment,” said Matt Larson, a spokesman for Palo Alto-based Sand Hill Property, a development company headed by Pau. “The shopping center is aging and needs some improvements.”

Among the incoming retailers with coming soon signs: Qwench Juice Bar, Burgerim Gourmet Burgers and TruFusion, a yoga, Pilates, boot camp and boxing endeavor.’ – George Avalos of Bay Area News Group

Full Article HERE.

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