New York Investors Pay $13.8MM for Lowe’s Ground Lease Next to Kent Des Moines Light Rail Station

At about $30 per square foot of land, the leased-fee deal shows how light rail is turning a 2006-era big-box site on Pacific Highway South into a long-term redevelopment opportunity. A group of New York-based buyers has paid $13.8 million for the land beneath a Lowe’s home improvement store on Pacific Highway South in Kent. […]