Washington

Pacific-Place

Seattle — BH Properties has acquired Pacific Place, a 335,000-square-foot shopping mall located in downtown Seattle. Developed in 1998 and renovated in 2019, the property features five floors of retail space and a 1,164-space parking garage. Tenants at the mall include AMC Theaters, Tiffany & Co., Din Tai Fung and Haidilao. Avison Young will manage and lease the property, which was 45 percent occupied at the time of sale, on behalf of BH Properties. 

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Jericho, N.Y. — New York-based Kimco Realty has added nine new tenants to five of its shopping center properties throughout the state of Washington. Holiday China, Sushi Omiya, Sam Income Tax and Magikid Robotics Lab have signed leases at The Marketplace at Factoria in Bellevue and will occupy 1,121; 2,458; 832; and 1,405 square feet, respectively. Food-and-beverage tenants Taco Bell and Emerald City Smoothie will join Pavilions Centre in Federal Way and Gateway Shopping Center in Mill Creek. Taco Bell will occupy 2,680 square feet, beginning this fall, and Emerald City …

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Issaquah, Wash. — Barnes & Noble has signed a 25,000-square-foot lease at Issaquah Commons, a retail center located in Issaquah, roughly 15 miles outside Seattle. Scheduled to open this fall, the new store will be situated between Sephora and Chipotle Mexican Grill. The store will include a café and feature a new layout and design. Avison Young manages and leases Issaquah Commons, which totals 373,603 square feet. Other tenants at the property include Safeway, Target, Trader Joe’s, REI, Athleta, WildFin American Grill, Panera Bread, Tutta Bella Neapolitan Pizzeria and Just Poke. 

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Plaza-50_Kenosha-Wash

Kenosha, Wash. — Legacy Realty Group Advisors has brokered the $27.6 million sale of Plaza 50, a 199,217-square-foot retail center located in Kenosha. Pick ‘N Save, Burlington Coat Factory, Marshalls and Ross Dress for Less anchor the property, which was 99 percent occupied at the time of sale. Jacob Baruch, Daniel Baruch and Jonah Warshaw of Legacy represented both the buyer and seller in the transaction. 

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Nob-Hill-Shopping-Center_Yakima-Wash

Yakima, Wash. — Gantry has secured a $10 million permanent loan for the refinancing of Nob Hill Shopping Center, a retail center located in Yakima. Safeway anchors the property, which comprises 88,500 square feet. Tony Kaufmann and Erinn Cooke of Gantry arranged the 30-year, fixed-rate financing through a life insurance company on behalf of the borrower. 

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Shell_Seattle

Seattle — Marcus & Millichap has arranged the $3.2 million sale of a gas station property located in the Ballard neighborhood of Seattle. Shell occupies the property on a net-lease basis. Hank Wolfer of Marcus & Millichap’s Seattle office represented the undisclosed seller in the deal.

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Seattle — Seattle-based retailer Nordstrom has announced plan to open 26 new Nordstrom Rack stores. Openings are scheduled to begin this spring and continue through spring 2025. The sites of the new stores include locations in Arizona, California, Florida, Georgia, Illinois, Indiana, Nebraska, New Jersey, New York, North Carolina, Ohio and Texas.

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Vancouver, Wash. — Retailer MINISO has signed a 3,572-square-foot lease at Vancouver Mall in Vancouver, roughly 10 miles outside Portland. Scheduled to open in early spring, the store will be located adjacent to Forever 21. Established in 2013, the brand is known for toys and plushies, beauty products, home goods, fragrances and electronics. 

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Everett, Wash. — Matthews Real Estate Investment Services has facilitated the $5.9 million sale of a single-tenant property in Everett. 7-Eleven occupies the property on a net-lease basis. Brandon Sontz, Nick Hahn and Chad Kurz of Matthews brokered the transaction. A local developer sold the property to an undisclosed buyer. 

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Walla-Walla-Town-Center-WA

Walla Walla, Wash. — Alamo Group and Covenant Real Estate Group have acquired Walla Walla Town Center, a 120,169-square-foot shopping mall situated on 31 acres in Walla Walla. Tenants at the property, which was 93 percent occupied at the time of sale, include Planet Fitness, Burlington, Ross Dress for Less, Marshall’s, PetSmart, Ulta Beauty, Hobby Lobby, Famous Footwear and Sportsman’s Warehouse. Formerly known as Blue Mountain Mall, the property was redeveloped and reopened as Walla Walla Town Center in 2018. Christopher Edwards, Clayton Brown and Ruthanne Loar of Marcus & Millichap …

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