San Jose Market center
  • San Jose, California | Retail | July 2010

San Jose Marketcenter

A purpose-built retail development in an emerging part of San Jose.

San Jose Market center

San Jose Market center

About the building

The San Jose Marketcenter, located at 543 Coleman Ave in San Jose, California sits in an infill location in highly sought-after retail trade area. The property is located less than one mile from Downtown San Jose, San Jose International Airport, and is generally surrounded by and has immediate access to regional freeways. Tenants include a wide range of popular eateries, retail stores, banks, hair salons and a veterinarian’s office.

Investment rationale

At the time of acquisition, the San Jose retail market has consistently achieved high occupancy rates and the city’s strict zoning laws and onerous development permitting process have helped to slow the pace of new construction. This trend has remained unchanged, and tenant occupancy remains at high levels. In addition, the San Jose Marketcenter’s prime location continues to generate high levels of traffic, making it a desirable place for businesses to locate. The LaSalle Property Fund’s management team believes that the property will continue to provide long term, reliable income streams for the fund.

Modern building with light illumination upstairs

San Jose Marketcenter is part of the LaSalle Property Fund portfolio

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Important information

The assets presented are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of any future investments to be made by the Fund or returns on any such investments. This information has been prepared by LaSalle in order to illustrate the type of assets held and/or transactions completed by the Fund; transactions for properties exhibiting the same or similar characteristics may not be available or profitable in the future.