Seattle — Starbucks Coffee (NASDAQ: SBUX) has announced plans to open 2,000 stores by 2025 and invest $450 million in its North American real estate, which will include the modernization of existing locations across the U.S. The announcement took place during
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Lynnwood, Wash. — Sterling Realty Organization has sold Lynnwood Crossroads, a grocery-anchored shopping center located roughly 16 miles north of Seattle in Lynnwood, for $45 million. Pete Bethea, Glenn Rudy and Rob Ippolito of Newmark represented the buyer, Sakioka Farms, in
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Woodinville, Wash. — NorthMarq has secured $2.5 million in financing for the $6.9 million acquisition of Hilltop Retail Center, a 15,094-square-foot property located roughly 20 miles northeast of Seattle in Woodinville. The center was constructed in 2008 at 15610 Woodinville-Duvall Road
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Lynnwood, Wash. — CBRE has arranged the $32.7 million sale of Alderwood Towne Center, a retail center located roughly 17 miles north of Seattle in Lynnwood. Tri-Western Syndicated Investments, a private holding company controlled by the Radford family, acquired the
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Marysville, Wash. — Crescit Capital Strategies has secured a $21.8 million fixed-rate bridge loan for the acquisition of a shopping center located in Marysville, roughly 34 miles north of Seattle. A private seller sold the center to a private buyer
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Mount Vernon, Wash. — Bridge33 Capital has completed the $18.4 million disposition of Skagit Valley Square, a 166,800-square-foot power center located at 102-310 E. College Way in Mount Vernon, to Transnational Management. Dino Christophilis and Daniel Tibeau of CBRE’s Seattle
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Tukwila, Wash. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged a $23.4 million acquisition loan for Park Place, a regional strip center in Tukwila, about 12 miles from Seattle. Ray Allen of IPA’s Seattle office
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Spokane Valley, Wash. — Marcus & Millichap has arranged the sale-leaseback of a retail property located at 13708 E. Indiana Ave. in Spokane Valley. A limited liability company sold the property to a California-based 1031 exchange buyer for $8 million.
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Henderson, Nev. and Millwood, Wash. — Faris Lee Investments has brokered the $22.4 million sales of two single-tenant grocery stores totaling 106,254 square feet in Nevada and Washington. Jeff Conover and Scott DeYoung of Faris Lee Investments represented the undisclosed
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Kirkland, Wash. — Gantry has arranged a $190 million loan to recapitalize the Carillon Point mixed-use campus in Kirkland. Mike Taylor and Patrick Taylor of Gantry’s Seattle office secured the 15-year loan, which was placed with Principal Real Estate Investors.
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Everett, Wash. — Marcus & Millichap has arranged the sale of a retail center located at 811 S.E. Everett Mall Way, roughly 25 miles north of Seattle in Everett. A limited liability company sold the center to an undisclosed buyer
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Seattle — Amazon, the Seattle-based e-commerce giant, is planning to open a chain of department stores to boost its sales in clothing, household items, electronics and other areas. The news comes from a Wall Street Journal report citing “people familiar
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