More Retail For Silicon Valley
Goodbye Thai Pepper, hello TBA retail. SRS Real Estate Partners secured a ground lease on the site of a 5,367 SF former freestanding restaurant on behalf of a private investor. Located at 2000 S. Bascom in Campbell, the tenant plans to build a 5k SF retail building. The site is across from The Pruneyard Shopping Center, with Trader Joe’s, Marshalls, and Sports Basement. SRS' Bob Quigley repped the landlord, O.T. Martin Trust. Kurt Grundman with Lockehouse Retail Group represented tenant MV Campbell, a retail developer. It's always been a restaurant use since being built in the 1950s. Bob tells us because of the cost to renovate, a long-term ground lease made more sense. It could take on a multi-tenant use (maybe two to three smaller restaurants) or just go the retail route.
