Matthews™ Secures 10-Year Lease Extension to Safeway at Crystal Springs Shopping Center

Safeway Lease at Crystal Shopping Center

 

San Mateo, CA — Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the lease of 100 De Anza Boulevard, San Mateo, CA, within the Crystal Springs Shopping Center. Matthews™ Associate Vice President Marko Buljan represented the landlord in the transaction.

 

The 37,000 square-foot space was leased by prominent grocer Safeway. The tenant agreed to a 10- year lease extension with three 5-year options, with plans to renovate and enhance the store. Crystal Springs Shopping Center features national retailers such as Starbucks, CVS Pharmacy, and Wells Fargo as well as local eateries and various healthcare providers.

 

“By showcasing the neighborhood’s strong demographics and researching area comps, I was able to attract a strong, long-term tenant for my client,” Buljan said. “With the new lease, our client is receiving a 350% rent increase on their anchor space.”

 

Matthews™ retail leasing services are active throughout the country, specializing in landlord and tenant representation.

 

For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 600 agents and support staff in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.