SAN JOSE, Calif. (February 18, 2016) – SRS Real Estate Partners announced today that it brokered a ground lease on a 74,052 sf parcel on behalf of a developer. Located at 2950 Lakeside Dr. in Santa Clara, Calif. the site, which currently houses an El Torito restaurant, is in close proximity to U.S. 101 and the new Levi Stadium. AC Hotels, an upscale, urban-inspired hotel owned by Marriott International, will be developed on the site. El Torito will close at the end of February, 2016.
Bruce Frazer, Randol Mackley and John Polyzoides with SRS Real Estate Partners represented the tenant in the transaction. The landlord for the property is Jim Caringello with Caringello Investment II.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit www.srsre.com/sfbayarea.