SAN JOSE — Passion Foyer has sealed a deal to lease an enormous chunk of retailer house in San Jose, a rental settlement that hints at some inexperienced shoots of financial hope in a forbidding panorama for Bay Space retail.
The humanities and crafts retailer has efficiently capped off a wide-ranging hunt for a brand new location by leasing house inside Almaden Plaza, a high-profile store and restaurant complicated in south San Jose.
Oklahoma-based Passion Foyer has leased 62,000 sq. ft of “improved retail house” inside Almaden Plaza, which is situated at 5353 Almaden Expressway in San Jose, paperwork on file with the Santa Clara County Recorder’s Workplace present.
It wasn’t clear which particular house in Almaden Plaza that Passion Foyer leased. Some huge websites within the buying middle may very well be promising potentialities, nevertheless.
Mattress Bathtub & Past and Purchase Purchase Child are two distinguished retailers that vacated huge blocks of house in Almaden Plaza. These two former retailer websites are each close to an present Barnes & Noble bookstore.
The Purchase Purchase Child retailer had occupied a ground-floor house whereas the Mattress Bathtub & Past retailer was on the second flooring.
“Passion Foyer has been wanting in San Jose for some time,” stated David Taxin, associate with Meacham Oppenheimer, a business actual property agency. “They needed to discover the right dimension on the proper lease. You had some retailers going out and one other retailer coming in. That’s the way it works generally.”