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.
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