Pacific Retail Capital Partners, Silverpeak Real Estate Partners Acquire Eastridge Mall for Over $200 Million

by Katie Sloan

San Jose, Calif. — A partnership between Pacific Retail Capital Partners and Silverpeak Real Estate Partners has acquired Eastridge, a 1.4 million-square-foot super-regional mall located in San Jose for over $200 million.

The two-story enclosed regional mall was purchased in an off-market transaction with General Growth Properties. In 2007, General Growth Properties completed an extensive $140 million expansion and renovation of the mall which included adding AMC Theatres, alongside comprehensive updates to the existing property.

Tenants at the center include Round 1 Bowling and Amusement, Barnes & Noble, JC Penney, Macy’s, Sears, Forever 21, Tilly’s, Bath & Body Works, Victoria’s Secret, Chili’s, Red Robin and Olive Garden.  

H&M is anticipated to open in the fall of 2016. The partnership will invest approximately $15 million in renovations to the mall. 

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