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Nazareth Enterprises Buys Ice Rink for $11.5M in San Mateo After Public Campaign

BridgePointe-San-Mateo-CA

The ice rink at BridgePointe Shopping Center in San Mateo, Calif., has re-opened due to city and community support.

SAN MATEO, CALIF. — Nazareth Enterprises has purchased the ice rink facilities and retail building at BridgePointe Shopping Center, a 55,000-square-foot asset located at 2200-2202 BridgePointe Parkway in San Mateo. SPI Holdings sold the property for $11.5 million in an off-market transaction.

SPI Holdings, the previous owner, wished to convert the property into retail-only space, but the City of San Mateo and the public mounted a “Save the Rink” campaign. In 2017, Nazareth Enterprises leased the space from the seller and reopened — and later acquired — the ice rink.

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