Retail to rise at San Jose Flea Market

One of the nation’s largest outdoor markets is making room for some brick-and-mortar retail.



Berryessa Properties, a family-owned company that runs the San Jose Flea Market has sold a 6.5-acre parcel adjoining the open-air bazaar to Western National Group. The Irvine, California-based company plans to erect an apartment building with 560 residences in the space, including 37,000 sq. ft. of ground-floor retail in the fifth phase of its Market Park San Jose property.



The sale price was not disclosed, but Berryessa intends to contribute $5 million of the proceeds from this and another recent property sale to the City of San Jose to build two parks totally 7 acres.



"With affordable housing, retail, and restaurants, future office space, neighborhood parks, lush greenbelts, and the Coyote Creek trail bisecting the community, this will be a uniquely welcoming and reinvigorating place to live," said Ralph N. Borelli, chairman of Borelli Investment Company, which brokered the deal.

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