SAN JOSE — Eastridge Center in San Jose, one of the Bay Area’s best-known shopping and restaurant centers, has landed a Texas-based buyer in a deal that tops $100 million, real estate records show.
Most of the East Bay shopping center has been bought for $135 million by a group with offices in Texas and New York City, documents filed on Jan. 19 with the Santa Clara County Recorder’s Office show.
A real estate group headed up by business executive Jiashu Xu, acting through an affiliate, bought the shopping center at 2200 Eastridge Loop in San Jose. The affiliate is based at a Houston address that is one of the offices for Xu, a developer who is active in New York City real estate.
The mall’s seller was an affiliate operating as GS Pacific ER. Silver Eagle Capital Partners and Pacific Retail Capital Partners control the affiliate.
The new owners landed $98 million in financing from Bank of China Los Angeles Branch at the time of the purchase, county records show.
