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National Retail REIT Cements $175 Million Deal for Silicon Valley Shopping Center

The Necessity Retail REIT Closes Deal With CIM Real Estate for the Plant Property in San Jose, California
The Necessity Retail REIT closed on an acquisition of The Plant, a nearly 510,000-square-foot shopping center in San Jose, California. (Clinton Perry/CoStar)
The Necessity Retail REIT closed on an acquisition of The Plant, a nearly 510,000-square-foot shopping center in San Jose, California. (Clinton Perry/CoStar)
CoStar News
May 31, 2022 | 11:52 P.M.

One of the largest players in the retail market has landed in Silicon Valley with a $175 million deal to purchase a shopping center developed on a former General Electric site.

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