Tourmaline Capital Acquires 384,000 SQFT South Sound Center in Lacey for $44.1MM

Tourmaline Capital paid $44.1 million for the Trader Joe's-anchored Lacey shopping center, ending Capital Development Company's roughly 60-year ownership and betting that Puget Sound's tightest retail submarkets still have room to absorb an 81 percent-leased property.A Lacey shopping center that has stayed in the same family's hands since Lyndon Johnson was president has finally changed […]