Located in the business hub of Marin County, Montecito Plaza is one of San Rafael’s most successful retail centers and proudly boasts anchor tenants including: Trader Joes, Pier 1 Imports, Petco and RiteAid.
Montecito Plaza offers a variety of services, shops and restaurants, as well as office space on the 2nd level.
In 1986, Seagate identified Montecito Plaza, a retail center in disrepair and saw a unique value-added opportunity. Substantial deferred maintenance, passive management, high vacancy and poor market position resulted in a unique opportunity for Seagate to renovate the physical structure and reposition and re-tenant the property.
Retail sales increases exceeded 400% and the project has enjoyed continued high occupancy ever since.