PCCP Organizes Major Loan for San Jose Retail Center

Sprouts @ Brokaw, in San Jose, just got $48.5 million in financing from PCCP LLC, for a construction loan. The grocery-anchored retail center, which will total 143,000 square feet, is being built by Dollinger Properties.

Sprouts Farmers Market, a highly successful upscale supermarket chain, is the anchor tenant of the development, which is scheduled for completion next summer. Sprouts will lease about 30,000 square feet.

Other tenants the Dollinger expects to be in the shopping center include several restaurants. Dollinger has built another project across the street in 2013.