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September 27, 2023
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NORTHERN CALIFORNIA NEWS
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Recent Leases Bring San Mateo Power Center to Fully Leased

4/28/23

Bridgepointe Shopping Center, a 572k sf retail power center in San Mateo, is now fully leased, thanks to 131.2k sf of leases signed over the past three years. The center, located at 2280 Bridgepointe Pkwy, was redeveloped from a shopping mall to a power center in the late 90s/early 2000s. It is owned by an affiliate of Chicago-based Nuveen, who paid around $125 mil for the property in 2017.

The recent leases included major deals with Nordstrom Rack, The Container Store, Five Below, Ross and ULTA, as well as pad deals with Chick-Fil-A, California Fish Grill, Lazy Dog, Benihana and Shane Company. CBREs Matt Kircher, Katie Singer, Meaghan Post and Annie Prupas represented the landlord in the transactions.

Bridgepointe Shopping Center is one of the premier power centers in the Bay Area. Its proximity to major highways and large daytime population attracted high-quality, well-known tenants making it the largest open-air center for 15 miles in each direction, said Kircher.





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