Pacific Commons

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Pacific Commons, a ±887,130 square foot, trophy open-air retail destination situated on 84 owned acres in Fremont, California.

Pacific Commons offers a rare combination of durable income, near-term leasing and merchandising upside, H Mart-driven traffic growth, below-replacement-cost land basis, and long-term scarcity value. At 84 acres in the Inner Bay Area, the Property represents a generational opportunity to control a dominant retail campus in a market where comparable land positions are functionally impossible to recreate.

Pacific Commons is one of the Bay Area’s most dominant retail assets, combining institutional scale, necessity-driven traffic, best-in-market tenant demand, and an irreplaceable position with over 88 million annual vehicular impressions in one of Silicon Valley’s most supply-constrained submarkets. Anchored by Costco, Lowe’s, Target (NAP), and the future 100,000 square foot H Mart flagship (NAP), Pacific Commons functions as the primary retail and daily-needs destination for a high-income, highly educated, and captive trade area.

The asset already ranks among the most visited shopping centers in the Bay Area, generating approximately 12.5 million annual visits, and with the addition of over 140K SF of new tenants slated for 2027, traffic is projected to increase by more than 18%, pushing annual visitation to an estimated 15.2+ million visits. Upon opening in 2027, H Mart will create a grocery anchor configuration that is effectively unmatched in the region: warehouse club (Costco), general merchandise convenience (Target), and specialty grocery (H Mart) all within one integrated campus.

Pacific Commons is also located at the center of Fremont’s advanced manufacturing and innovation corridor, surrounded by a dense base of high-wage employment in EV manufacturing, robotics, AI hardware, semiconductor-adjacent uses, life sciences, and logistics. Fremont’s trade area includes $213,675 average household income, $1.38 million median home values, and 62%+ educational attainment levels, creating one of the highest-quality consumer markets in the United States.