PALO ALTO, Calif. (Nov. 16, 2020) Blox Ventures, LLC, a Silicon Valley-based investor and real estate operator, announced today Real Produce International Market has signed a lease to occupy 11,000 square feet at 501 Oxford Avenue in Palo Alto’s College Terrace neighborhood. This store will be the grocer’s second after the initial location in San Jose. First Republic Bank remains the mixed-use property’s anchor office tenant at 2100 El Camino Real.
“Our family and partners have been in the grocery business for three generations, operating the San Jose store, as well as a wholesale distribution business in South San Francisco and Oakland,” said Khaled Taffi, Real Produce International owner and manager. “Our market will offer locally sourced produce with a focus on organic, as well as groceries and specialty items sourced locally and internationally.”
Real Produce will have a deli, grab-and-go area, fresh flowers, and a coffee area. Customers will be able to shop in-store or order online, as well as provide delivery to Palo Alto residents.
“The combination of offerings and services fulfills the wants and demands of our Palo Alto community,” said Blox Ventures CEO, Jason Oberman. “We look forward to their opening here in the holiday season.”
Providing a market has been a pivotal amenity at this transit-oriented, mixed-use development project, which was built in 2016. The property benefits from its proximity to the area’s key innovation centers, adjacency to Stanford University, a vibrant retail node, and Caltrain.
The College Terrace, First Republic Center at 2100 El Camino Real, is the third of recent investments in Palo Alto that principals from Blox Ventures have acquired — and one of the few in Palo Alto’s core that occupy a full city block. It is less than half of a mile to the nearby Caltrain station and has views in all directions.
About Blox Ventures
Blox Ventures, a real estate investment firm headquartered in Silicon Valley, is a commercial real estate company engaged in the investment, development, and operation of properties in technology-oriented markets. Blox Ventures’ principals have total transaction of more than seven million square feet of real estate valued at over $3B.