Seattle — Security Properties and Rockwood Capital have acquired Legacy at Pratt Park, a mixed-used property located 1800 S. Jackson St. in Seattle’s Central District, for an undisclosed price. Built in 2009, Legacy at Pratt Park features 249 apartments, as well as four retail spaces totaling 6,720 square feet. The property offers 360-degree views of the Seattle skyline, Elliott Bay, Mt. Rainier and the Olympic Mountains.
Kingston, Wash. — SRS Real Estate Partners has negotiated the sale of a single-tenant retail property, located at 27000 Miller Bay Road NE in Kingston. A U.S.-based investment fund sold the asset to a California-based family office for $6 million. Built in 2007 on 2.2 acres, the 17,272-square-foot building includes a drive-thru. Rite Aid currently occupies the property under a corporate-guaranteed triple-net lease with Rite Aid Corp. There are nine years remaining on the lease. Ryan Tomkins of SRS’ National Net Lease Group represented the seller in the transaction.
Longview, Wash. — CBRE has arranged the $38.3 million sale of Triangle Center, a 260,627-square-foot community shopping center located in Longview.
Marysville, Wash. — KeyBank Real Estate Capital has originated a $25.9 million CMBS loan for the refinancing of The Marketplace at Smokey Point, a 185,352-square-foot shopping center in Marysville.
Vancouver, Wash. — Cohen Financial, a division of SunTrust Bank, has arranged two loans totaling $11.9 million for the refinancing of two retail centers located in Vancouver.
Seattle — Regency Centers Corp. has acquired Roosevelt Square, a 150,000-square-foot, multi-level shopping center in Seattle.
Fullerton, Calif., and Vancouver, Wash. — Retail Opportunity Investment Corp. (ROIC) has acquired two shopping centers on the West Coast for a total of $96.5 million.
Everett, Wash. — Brixton Capital has purchased Everett Mall, a 490,949-square-foot shopping center located in Everett, 28 miles north of Seattle.
Vancouver, Wash. — Gramor Development Inc., a privately held firm based in Oregon, has secured a round of construction financing for Phase I of its $1.5 billion mixed-use project along the Columbia River in Vancouver.
Covington, Wash. — A joint venture between Oakpointe Communities and Presidio Residential Capital has received unanimous approval from the City of Covington to develop LakePointe Urban Village, a $670 million mixed-use community in Covington, approximately 30 miles south of Seattle.
