February 28, 2017
Whole Foods Market signed a 52,000-square-foot lease to anchor a mixed-use redevelopment in downtown Sunnyvale, CA. The project is scheduled to break ground later this year, and is expected to open early 2019.
The 36-acre site at 200 McKinley Ave., formerly known as Sunnyvale Town Center, was acquired last year by STC Venture LLC. STC is a joint venture of affiliates of Hunter Storm, Sares Regis Group of Northern California, and institutional investors advised by J.P. Morgan Asset Management.
The group is reviving a long-stalled development and includes residential, retail, hotel, entertainment, and office. Sares Regis is building 198 apartments and 116,000 square feet of future retail and restaurant space.
Retail West’s Matt Holmes represented the tenant. Cushman & Wakefield’s James Chung represented the landlord.
For comments, questions or concerns, please contact Dennis Kaiser