properties

California: Montecito Shopping Center - San Rafael

Gross Building Size: 130,500 square feet

Investment History: Seagate identified this well located, yet run-down retail center as a unique value-added opportunity in
an infill location. Substantial deferred maintenance, passive management, excessive high vacancy and poor market positioning
resulted in a unique opportunity to renovate the physical structure and reposition and retenant the property. Retail sales
increases exceeded 200%, continued high occupancy, and lease rates that lead the competitive markets attest to the
successful implementation of this strategy by Seagate

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