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Seagate Properties

Seagate Properties

A Real Property Investment & Operating Company

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Montecito Plaza Shopping Center

In 1986, Seagate identified this well located, yet run-down retail center as a unique value-added opportunity in an infill location. Substantial deferred mainatenance, passive management, high vacancy and poor market position resulted in a unique opportunity to renovate the physical structure and reposition and re-tenant the property. Retail sales increases exceeded 200%, continued high occupancy, and lease rates that lead the competitive markets attest to the successful implementaion of this strategy by Seagate.

Project Details:

Location

San Rafael, CA

Size

130,500 sq. ft.

Type

Retail

Seagate Contributions

Acquisition
Asset Management
Leasing
Opportunistic Investment
Property Management

Status

Active

Address

209-471 3rd St

Website

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