BH Properties has signed Ross Dress for Less to a 26,000-square-foot lease to open a new retail outlet at the Plaza Centro shopping mall in Caguas, Puerto Rico. Located on the southern outskirts of the Puerto Rican capital of San Juan, Plaza Centro features more than 283,000 square feet of retail and is now more than 96% leased. JLL Puerto Rico represented BH Properties in the transaction. Opening is planned for 2025.
The addition of Ross is part of BH Properties’ continued revitalization of Plaza Centro by bringing in a diverse mix of top-quality retailers that match the needs and wants of the Caguas community.
“Ross is a fantastic addition to Plaza Centro, continuing our successful strategy of delivering a mix of international brands and local retailers that resonates with the greater San Juan community,” said Jim Brooks, president of Los Angeles-based BH Properties. “Ross’ commitment to providing quality brands at outstanding values aligns with our vision of making Plaza Centro a vibrant and essential hub for shoppers across the economic spectrum.”
Ross joins Burlington and neighboring tenants including JC Penney and Sam’ Club. Other new tenants at the shopping center include Beya Accessories, Cosmo Prof, Qdoba Mexican Eats, a new expanded salon and spa, a chiropractor’s office, La Nueva Era and CSL Plasma.
In addition to the more than 10 million square feet it owns and operates in the continental US, BH Properties owns and operates more than 650,000 square feet of real estate in Puerto Rico, including the ongoing redevelopment of two former Sears locations: one at Las Catalinas Mall, currently known as the Shoppes at Caguas, in Caguas and the other at Plaza Carolina in Carolina.
