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Colliers International Announces The Sale Of Three Retail Centers By The Sleeth Team

SEATTLE — Colliers International would like to announce the sale of three Washington properties by Paul Sleeth and Billy Sleeth. The three transactions total more than $59,600,000 and 311,582 SF. Details on each deal below.

Surprise Lake Square, a 134,795 square foot retail property in Milton, Wash., was sold to Tourmaline Capital for $19,500,000 on 8/24/15 by Partnership between Washington Capital Management & Wallace Properties. Located at 900 Meridian Avenue E, the center is anchored by Safeway and features other tenants including Rite Aid, Dairy Queen, Dollar Tree, Chase Bank, GNC, and UPS, this was an off-market transaction.

Everett Village Center, a 120,912 square foot retail center in Everett, Wash. Was sold to Stockbridge Capital Group for $22,500,000 on Aug. 31, 2015 by a Family Trust out of Ohio. Located at 1130 SE Everett Mall Way, tenants include Best Buy, Bed, Bath & Beyond, TJ Maxx, Petsmart, Bank of America, and Sleep Country USA.

Coal Creek Marketplace, a 55,875 square foot retail center in the affluent Eastside submarket of Newcastle, Wash., was purchased by RPAI for $17,600,000 on Aug. 27, 2015 from Urban Renaissance Group. Located at 6920 Coal Creek Parkway SE, Coal Creek Marketplace is a QFC grocery-anchored neighborhood center and 95% occupied. The sale increases RPAI’s presence in Seattle to more than 1.2 million square feet. This was an off-market transaction.

About Colliers International
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.

Locally, Colliers International of Greater Seattle is a full service commercial real estate firm with offices in Seattle and Bellevue, providing integrated services to clients locally and globally since 1978. With more than 80 professionals, we specialize in the sale and leasing of office, industrial, investments, land properties, multifamily, retail, and valuation/advisory services as well as real estate, property, and project management. For details, visit www.colliers.com/seattle and www.colliers.com/bellevue, or follow us on Twitter:@CI_PugetSound and Instagram: @Colliers_Seattle.