San Mateo, California

San Mateo, CA

A 98,000-square-foot retail shopping center in San Mateo, California, anchored by Office Depot and Smart & Final.

Originally built in the 1950’s as a Safeway-anchored local shopping center, this asset was repositioned to include a recently expanded Smart & Final, Office Depot, as well as two additional outparcel buildings. The center is currently 100% leased to 17 tenants and features a corner-facing Union 76 gas station. ARKA is continually seeking to add value to its properties. In one particular instance, ARKA and its partner renewed the lease of its bakery tenant, Specialty’s and provided for a modern, inviting expansion, which features a Peet’s Coffee walk-up window and coffee bar.

Other selected investments