Burlington Coat Factory and Sprouts Farmers Market appear poised to occupy a combined 54,300-square-foot retail building in northeast San Jose.
Burlington, NJ-based leased a 30,300-square-foot storefront at 375 North Capitol Avenue, The San Jose Mercury News reports. Phoenix-based Sprouts is eyeing a 24,000-square-foot space in the same building.
The 99,500-square-foot building is owned by National Stores, a Gardena-based retail chain. In 2018, the company filed for bankruptcy. It closed all of its stores, including the Fallas Outlets, which occupies most of the building at Capital Plaza and McKee Road, next to I-680.
The terms of Burlington’s lease with National were not disclosed. The Sprouts lease deal was revealed after the market chain applied for a new state liquor license for the grocery store. A marketing brochure Said to sign a lease.
A Grocery Outlet store remains open in the building, as does Crunch Fitness.agent john machado Inventory holding 100% leasehold propertyon 8 acres with the best offer.
The timing of Burlington and Sprouts moving into the building is unclear. No tenant improvements appear to have been made in the building this week, The Mercury News reported.
Deals taking up space in the building come as both retailers explore smaller stores.
bean sprouts, of which This year plans to open 30 new markets, just opened a new store on the edge of downtown San Jose at the San Jose Market Center at 543 Coleman Blvd. Burlington, which is rolling out smaller locations in 2021, opened a store earlier this year at 418 Westlake Center in Daly City.
David Taxin, a partner at Meacham Oppenheimer, said both chains should do well in malls in northeast San Jose.
