Milan Capital Management and Arc Capital Partners Secure New Lease with dd's Discounts Further Advancing the Revitalization of The Plant Shopping Center in San Jose
SAN JOSE, Calif., March 12, 2025 /PRNewswire/ -- Milan Capital Management ("Milan") and Arc Capital Partners ("Arc") are pleased to announce dd's DISCOUNTS, a value-focused retailer, will be joining the dynamic roster at The Plant Shopping Center in San Jose, California. The new 18,045-square-foot store will be located at the prominent intersection of Curtner Avenue and Monterey Road, filling a long-vacant space and enhancing the center's retail offerings.
Milan Capital Management & Arc Capital Partners Sign Lease - dd's Discounts at The Plant Shopping Center in San Jose, CAThe arrival of dd's DISCOUNTS marks another significant milestone in the revitalization of The Plant following Milan and Arc's acquisition in August 2024. The new store will offer an extensive selection of stylish clothing, home goods, bed & bath essentials, kitchenware, and more — all at incredible prices.
"We are absolutely delighted to welcome dd's DISCOUNTS to The Plant," said Chris Nichelson, President of Milan Capital Management. "With its reputation for offering incredible savings every day on a wide assortment of apparel and home fashions, dd's DISCOUNTS is sure to become a favorite destination for our community. This addition further strengthens our vision of transforming The Plant into a vibrant, high-traffic retail destination."
Scheduled to open its doors in June 2025, dd's DISCOUNTS will occupy a prime location between Vallarta Supermarkets (planned opening in 2026) and Target. This strategic positioning is expected to drive significant foot traffic, reinforcing The Plant's position as a key retail destination for the San Jose community.
Will Bryson of Atlantic Retail represented the Landlord, while Carol Therien of Retail Pacific represented the tenant in this transaction.
About Arc Capital Partners
Arc Capital Partners is a leading institutional middle-market real estate investment manager, specializing in innovative capital solutions across the equity capital stack. Established in 2013, Arc is led by experienced principals with a proven track record of managing over $10 billion in transactions. The firm targets investment opportunities in high-barrier-to-entry Sunbelt markets that demonstrate robust demographic growth fundamentals. Arc aims to deliver superior risk-adjusted returns while ensuring strong downside protection through a variety of investment strategies, including preferred equity, joint ventures, and direct investments. For more information, please visit www.arccapitalpartners.com.
About Milan Capital Management
Milan Capital Management is a seasoned commercial real estate investment firm that owns, develops, and manages properties in California's prime urban markets. With a legacy dating back to the early 1980s, Milan has navigated various market cycles and successfully created exceptional value for its investors. For more information, visit www.milancap.com.
For Leasing Inquiries, Please Contact:
The Econic Company
Marisa Delgado – 408.400.7014
Josh Shumsky – 408.863.1445
mdelgado@theeconiccompany.com
jshumsky@theeconiccompany.com
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