CBRE Negotiates $32.7 Million Sale of Alderwood Towne Center in Metro Seattle

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 property from Alderwood Shopping Center 04 E LLC. Dino Christophilis and Daniel Tibeau of CBRE’s National Retail Partners represented the seller in the deal. Jack Standeford with CBRE’s Debt & Structured Finance group arranged acquisition financing for the buyer. Located at 3105-3225 Alderwood Mall Blvd., Alderwood Towne Center features 105,357 square feet of retail space leased to 20 businesses, including anchor tenants Marshalls and Michaels. Other retailers include Almost Golf, Mattress Depot, Pure Hockey and Precor Fitness. The property was constructed in 1986.