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Seattle & Northwest  + Global + Washington  + Retail  |  October 20, 2026
Jasmine Kilman
By: Jasmine Kilman

Northmarq Arranges $19M Sale of Kent Canyon Ridge Plaza in WA

Northmarq’s Pacific Northwest Investment Sales team, led by Sean Tufts, Kevin Adatto, Joe Dugoni, and Jack Hallberg, completed the $19 million sale of Canyon Ridge Plaza, an 86,909-square-foot multi-tenant retail community center located at 26015 104th Ave. SE in Kent, Washington.

The property was acquired by Kimco Realty. “Shopping centers continue to be one of the most sought-after asset classes in commercial real estate, with institutional capital committing to the space despite a challenging market environment,” said Tufts. “Centers with a strong off-price and value roster remain at the top of that demand.”

Canyon Ridge Plaza is shadow-anchored by a corporate-owned Target, with a tenant roster that includes Ross Dress for Less, Old Navy, Petco, Bath & Body Works and Verizon Wireless. The property is 94% leased. Six tenants have executed new or extended long-term leases since January 2025, including a 10-year renewal from Ross Dress for Less. Burlington, TJ Maxx and Harbor Freight have recently opened adjacent to the center.

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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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