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Donahue Schriber Realty Group Acquires Interbay Urban Center in Seattle

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SEATTLE–Donahue Schriber Realty Group (DSRG), a privately-held Real Estate Investment Trust (REIT) specializing in neighborhood, community, and power shopping centers, announced the acquisition of Interbay Urban Center, a 80,560-square-foot grocery anchored center located at 1827 15th Avenue West in Seattle, Washington. The transaction follows the company’s purchase of Lakeland Town Center in Auburn, Washington and Westgate North in Tacoma, Washington.

“The purchase of Interbay provided Donahue Schriber with a unique urban core opportunity. We believe the Pacific Northwest is one of the most attractive retail hubs on the West Coast. The company remains focused in its strategic pursuit of additional acquisitions in the region”

Acquired from Interbay Urban Center, LLC, the Whole Foods Market anchored shopping center is located just three miles northwest of downtown Seattle on the highly traveled 15th Avenue West, the main arterial road from downtown Seattle to the northwest communities of Magnolia, Queen Anne, Ballard, and Interbay. Over 54,000 cars travel this route daily. The center is 100 percent leased. “The purchase of Interbay provided Donahue Schriber with a unique urban core opportunity. We believe the Pacific Northwest is one of the most attractive retail hubs on the West Coast. The company remains focused in its strategic pursuit of additional acquisitions in the region,” said Patrick Donahue, Chairman and Chief Executive Officer of Donahue Schriber.

About Donahue Schriber Realty Group
Donahue Schriber is a privately-held Real Estate Investment Trust (REIT) which owns and operates 70 shopping centers representing over 11 million square feet of retail space throughout California, Nevada, Arizona, Oregon, and Washington. For more information about the company, visit its website at www.DonahueSchriber.com.