dd's Discounts has signed a lease for 18,000 square feet at The Plant shopping center in San Jose, a location previously occupied by Toys 'R Us and Babies 'R Us. Vallarta Supermarkets will also be moving into the area. This lease adds to the momentum for The Plant under new ownership by Arc Capital Partners and Milan Capital Management, who are seeing a surge in leasing activity with high occupancy rates. The Plant is nearly 93% pre-leased, indicating strong demand for retail spaces.
In 2018, Toys 'R Us shut all of its U.S. locations following a bankruptcy filing.
We are definitely seeing a lot of leasing momentum,
We are very excited to get this dd's Discounts lease. This shows that The Plant is a great location for retailers.
We are already 93% pre-leased and 70% occupied.
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