Washington

Admiral Junction

Seattle — JLL Capital Markets has facilitated the $35.4 million sale of Admiral Junction, a 67,992-square-foot shopping center located in West Seattle. A 60,876-square-foot Safeway anchors the center, which comprises 82 percent of the property. The remaining 7,116square feet is dedicated to additional retail tenants including Menchie’s Frozen Yogurt and Verizon Wireless. Daniel Tyner, Geoff Tranchina, Gleb Lvovich and Zach Koucos of JLL’s Investment Sales and Advisory team represented the buyer, Silver Star Ventures, in the transaction.

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Suncadia Social

Cle Elum, Wash. — Suncadia will open a new retail village and community hub in the 6,400-acre master-planned community of Suncadia in Cle Elum. Dubbed Suncadia Social, the $18 million project will span 11 acres. The center of Suncadia Social will house a 16,500-square-foot retail space, where Roselyn Grocery will anchor the development. Confirmed tenants at the property include Cutter’s Point Coffee, Out West Trading Co., Old Wood Signs, Hive HomeGoods and Alluvium Cellars, as well as G.H. Pasta & Pizza, a General Harvest Restaurant concept. Suncadia Social is scheduled …

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Black Diamond, Wash. — Pepper Pike, Ohio-based Visconsi Cos. has negotiated a 58,000-square-foot lease with Safeway at Black Diamond Town Center, a mixed-use development located within the master-planned community of Ten Trails. Situated roughly 30 miles southeast of Seattle, the new Safeway will serve as the property’s anchor tenant and will also feature a full-service deli counter, bakery and pharmacy. Construction of the new grocery store is scheduled to begin later this summer, with a grand opening anticipated for the fourth quarter of 2026.

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Westgate North

Tacoma, Wash. — JLL Capital Markets has arranged the $37 million sale of Westgate North, 74,789-square-foot shopping center located in Tacoma, roughly two miles from the University of Puget Sound campus. Safeway anchors the property, which was 97.9 percent leased at the time of sale. Additional tenants at the center include Anytime Fitness, Chase Bank, Taco Bell, Xfinity, Subway and Round Table Pizza. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL’s Investment Sales and Advisory team represented the seller. The buyer was Phillips Edison & Co.

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James Center

Tacoma, Wash. — Gantry has arranged a $21.4 million mortgage for the sale of James Center, a 140,240-square-foot retail center located in Tacoma. The loan, which carries a fixed-rate 10-year term with a 30-year amortization schedule, was funded by a life insurance company. Gantry will service the loan. The property was purchased by a partnership affiliate of Bellevue, Washington-based Rosen Harbottle Commercial Real Estate. Situated on roughly 16 acres, James Center is grocery-anchored by Fred Meyer. Additional tenants at the center include Rite Aid, U.S. Bank, IHOP, Taco Bell, MultiCare …

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Spanaway, Wash. — SimonCRE has acquired an 89,002-square-foot retail center located in Spanaway, with plans to redevelop the property. Plans for the center include the addition of a grocery anchor, as well as other new tenants. According to SimonCRE, redevelopment efforts at the property will be focused on updating existing structures. 

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Nordstrom_NYC

Seattle — Nordstrom Inc. (NYSE: JWN) has signed a definitive agreement with the Nordstrom family and Mexican omnichannel retailer El Puerto de Liverpool SAB de CV (Liverpool) in a deal that will take the fashion department store giant private. The all-cash transaction is valued at $6.25 billion. Erik, Pete and Jamie Nordstrom, along with other members of the Nordstrom family, and Liverpool plan to acquire all the outstanding common shares of Nordstrom that they do not already beneficially own. The deal would give the Nordstrom family a majority ownership stake (50.1 …

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Outlet-Collection-Seattle_Auburn-Wash

Auburn, Wash. — Lightstone has acquired The Outlet Collection Seattle, an enclosed mall located in Auburn, roughly 30 miles south of Seattle. Tenants at the property, which totals 920,000 square feet, include Nordstrom Rack, Burlington, Best Buy, Dave & Busters, Polo Ralph Lauren, Kate Spade, Ulta Beauty, Coach, Nike, Adidas and Michael Kors. The mall was 98 percent occupied at the time of acquisition. Lightstone plans to implement $10 million of capital improvements and tenancy upgrades. Nicholas King, Michele Dawson and Scott Ferguson of FFO Real Estate Advisors will manage outlet …

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192nd-Plaza-Camas-WA

Camas, Wash. — Marcus & Millichap has negotiated the sale of 192nd Plaza, a 34,923-square-foot retail property located in Camas, just across the Columbia River from Portland, Oregon. A limited liability company sold the property to local investors for $9.6 million. Built in 2010, the property was fully occupied by 11 tenants at the time of sale. Clayton Brown, Dylan Wolf and Ruthanne Loar of Marcus & Millichap represented the seller in the transaction.

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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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