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Seattle & Northwest  + Washington  + Retail  |  July 16, 2026
Jasmine Kilman
By: Jasmine Kilman

Intercontinental Real Estate Corporation Acquires Grocery-Anchored Retail Center in Auburn for $70M

Boston-based Intercontinental Real Estate Corporation has acquired Lakeland Town Center, a 125,233-square-foot grocery-anchored retail center located in Auburn, Washington, for $69.5 million.

Geoff Tranchina, Gleb Lvovich, Dan Tyner, and Tess Berghoff with JLL Capital Markets marketed the property on behalf of the seller. Built in 2002, Lakeland Town Center is situated on a 12.61-acre site at the commercial heart of Lakeland Hills.

Lakeland Center is 100% leased and is anchored by regional grocer Haggen Northwest Fresh. “Lakeland Town Center is the dominant daily-needs destination in a captive, high-income trade area, supported by a top-performing grocery anchor and one of the tightest retail submarkets in the Seattle metro,” said Jessica Levin, Managing Director, West Coast and Associate CIO at Intercontinental.

The property consists of both pad and inline retail with 704 parking spaces. “This acquisition reflects our focus on well-located, grocery-anchored retail with strong demand fundamentals,” added Ross Karetsky, Associate Director, Acquisitions at Intercontinental.

Read More News Stories About: JLL
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Intercontinental Real Estate Corporation JLL

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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