Woodlake Center is Woodmont’s Latest Assignment
Woodmont Real Estate Services recently added a new management account to its roster: Woodlake Shopping Center. The 50,000-square-foot shopping center is anchored by Safeway and CVS Pharmacy at the intersection of Peninsula Avenue and Delaware Street in San Mateo, minutes from Highway 101 as well as downtown Burlingame.
Shop-space tenants include Starbucks Coffee, SUBWAY, Round Table, a martial arts studio, nail salon, dry cleaners and other neighborhood-serving retail stores. Parliament Properties is the primary owner of the center.
Woodlake Shopping Center reaches more than 235,000 people within a five-mile radius with an average household income of $197,671, according to 2010 U.S. Census data estimates for 2021.
The retail plaza currently has three availabilities: 4,491 square feet adjacent to Safeway, 3,009 square feet adjacent to CVS Pharmacy and 1,178 square feet next to SUBWAY in the shops section of the center.
Also late in fourth quarter 2021, Woodmont added two suburban office buildings to its management portfolio in Marin County’s northern-most city of Novato. The new accounts build on the momentum Woodmont developed in 2021 for new real estate properties under management, particularly retail space, says Scott Pritchett, president of commercial operations.
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