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Target-Anchored Retail Property Trades

SAN JOSE, CA—Transaction adds to aggressive 12-month acquisition spree for ValueRock Realty.

By David Phillips | Updated on June 12, 2014

SAN JOSE, CA—ValueRock Realty Partners, a vertically-integrated real estate investment and operating company, has acquired a 120,437-square-foot retail property fully-occupied by Target for $18.25 million.

The property is located on just over nine acres in the Silicon Valley market at 2155 Morrill Avenue in San Jose. The acquisition marks the first entry into Silicon Valley for ValueRock and brings the firm’s 12-month acquisition total to 500,000 square feet of retail space.

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