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Local investor scoops up discount grocer in East San Jose

Suburban strip malls keep selling, even as other retailers struggle
A local investor paid around $17 million to acquire a Foodmaxx, an anchor of the Mt. Pleasant Shopping Center in East San Jose. (CoStar)
A local investor paid around $17 million to acquire a Foodmaxx, an anchor of the Mt. Pleasant Shopping Center in East San Jose. (CoStar)
CoStar News
February 6, 2025 | 8:01 P.M.

A local investor scooped up a FoodMaxx in the San Francisco Bay Area in the latest sign of the growing strength of discount grocery stores even as mainstream retailers continue to struggle.

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