MARIN CITY – The owner of the 182,000-square-foot Marin Gateway Shopping Center is soliciting purchase offers through mid-May, with expectations of a sale price around $40 million, according to one of the listing agents, Dan Wald of Terranomics Retail Services in San Francisco.

The center is owned by PCCP's Bay Area Smart Growth Fund I and Marin City Community Land Corp.

The mall is anchored by Best Buy, Ross and CVS stores and is 93 percent occupied. In the last two years amid rising national retail vacancies and sinking rents, Marin Gateway has bucked the trend, landing Dollar Tree and Sleep Train stores, according to Mr. Wald.