Home Industry News Sleeth Retail Investment Team of Colliers International Arranges the Sale of Approximately...

Sleeth Retail Investment Team of Colliers International Arranges the Sale of Approximately $100MM in Retail Assets in the Puget Sound

TACOMA SOUTH – Tacoma, WA – Retail Properties of America, Inc. (RAPI), has purchased the 230,657 square-foot Tacoma South Shopping Center in Tacoma for $39.4 million from Sterling Realty Organization Co. of Bellevue. The Class A asset is located just off Interstate 5 in Tacoma (exit 129) on South Hosmer Street between South 76th Street & South 80th Street.  Notable tenants at the center include Bass Pro Shop, LA Fitness, Jack-in-the-Box, Timberland Savings Bank, Sprint, Supercuts, State Farm, and Jimmy John’s.

LA PLAZA MIDWAY – Kent, WA – Da Li Properties, LLC has purchased the 75,830 square-foot La Plaza Midway Shopping Center in Kent for $19.2 million from Tourmaline Capital. The asset is located one block west of a major I-5 interchange at the intersection of Highway 99 and Highway 516.  Notable tenants at the center include Goodwill, Sprint, Pizza Hut, Subway, Starbucks, Metro PCS, and Cash America.

ALDERWOOD PLAZA – Lynnwood, WA – Merlone Geier Partners, has purchased the 175,387 square-foot Alderwood Plaza Shopping Center in Lynnwood for $40.5 million from Barclays Realty & Management Co. The asset is located directly across from Alderwood Regional Mall at the prime intersection of 33rd Avenue West & 184th Street Southwest.  Notable tenants at the center include Rite Aid, Big 5 Sporting Goods, Ross, HomeGoods, Buffalo Wild Wings, Red Robin, Fatburger, Qdoba Mexican Grill, and Game Stop.

About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.