Retail
Radford & Co. Buy Alderwood Towne Center in Lynnwood for $32.7MM 
By Catherine Sweeney Over the past several months, retail assets have made up a sizable portion of investment activity in the Puget Sound....
City of Kirkland Buys 17,500 SQFT Shopping Center for $14MM, With Plans for Mixed-use Redevelopment
By Catherine Sweeney After acquiring the mostly vacant Houghton Village Shopping Center last week, the City of Kirkland has announced plans to convert...
Skillet Diner, Copperworks Distilling, and Amazon Among New Tenants in Seattle’s Waterfront Park District
Seattle, Wash. (May 31, 2022) – New leases surrounding Seattle’s waterfront show signs of a resilient retail market downtown. Kidder Mathews Vice President...
Merlone Geier Partners Sells 140,000 SQFT Burien Shopping Center for $45MM
By Catherine Sweeney Merlone Geier Partners is letting go of a shopping center in Burien, Wash., making more than triple what the property...
Sterling Organization Buys Fully Occupied Shopping Center in Lakewood for $17.7MM
By Catherine Sweeney Over the course of the year, the Puget Sound has seen a significant increase in investment activity, recording numerous transactions...
New York Pension Makes $370MM Direct Investment into Shopping Center Platform with West Coast Assets
By Jon Peterson New York State Teachers Retirement System (NYSTRS) has made a direct investment in one of its operators. The pension fund...
Safeway Sells Seattle Grocery Store to Residential Developer for $30.1MM
By Meghan Hall The sale of a retail property in Seattle’s Queen Anne neighborhood could be an indication of the asset’s impending development....
Retail Power Center in Mount Vernon, Wash., Trades for $18.4MM
SEATTLE – April 27, 2022 – CBRE announced the $18.4 million sale of Skagit Valley Square, a 166,800-sq.-ft. retail power center in Mount Vernon,...
Shops at Burlington Fashion Outlets Sell for $9.5MM for Redevelopment
Seattle, Wash. (April 25, 2022) – The Shops at Burlington property in Burlington has sold for $9.5 million after 30 years as the...
Merlone Geier Sells Marysville Retail Center for $25.3MM
By Meghan Hall San Diego, Calif.-based Merlone Geier has sold off another one of its Puget Sound retail assets. In a deal that...
EDENS Spends $103.8MM on Puget Sound Retail Assets as Part of Coast-to-Coast Expansion
(EDITOR’S NOTE: Public records show that the Lakeland Town Center at 1404 – 1416 Lake Tapps Parkway SE in Auburn, Wash., sold for...
Brookfield Defaults on $77MM Loan for Bellis Fair Mall
By Meghan Hall Major developer and investor Brookfield Properties Trust has defaulted on its loan for one of its assets in Bellingham, Wash....