SAN JOSE — Bernal Plaza, a San Jose shopping center featuring stores such as Staples and Ross, has been bought by a Southern California investor in what experts say signals robust interest in South Bay retail sites.
Bison Partners paid $38.3 million for the retail hub, according to documents filed on Sept. 5 with the Santa Clara County Recorder’s Office. The Lucky Stores supermarket site, owned by Lucky, wasn’t part of the property purchase.
“This shows there is still a lot of strength in retail in the South Bay,” said David Taxin, a partner with Meacham Oppenheimer, a commercial real estate firm that arranged the property deal. “This shopping center has always done very well.”…