Gateway Marketplace

Convenience & GeneralVerified

About

Gateway Marketplace on Chula Vista's North Fourth Avenue is a 127,861-square-foot dual-grocery-anchored shopping center completed in 2016 and acquired by American Assets Trust (NYSE: AAT) for approximately $42 million in 2017. The center sits between Interstate 5 and Interstate 805 with direct off-ramp access from Highway 54, positioning it as a retail counterpart to the historic Chula Vista Center on the Broadway corridor to the south. Current anchor tenants include Smart & Final and Aldi for grocery, Hobby Lobby for craft and home goods, and Mattress Firm for sleep products, with inline tenants adding Little Caesars and Wingstop to the food lineup. The property shares ownership with the adjacent Southbay Marketplace, giving AAT a combined retail footprint that draws from a one-mile trade area averaging over 25,000 residents — a density that supports fashion retailers such as Original Dresses in the broader Chula Vista shopping market. Dual-grocery anchoring generates cross-shopping foot traffic between Smart & Final's bulk-format pantry aisle and Aldi's curated private-label grocery model within a single parking field.