Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CBRE Arranges Sale of Lacey Marketplace to Two Buyers
CBRE arranged the sale of Lacey Marketplace to two buyers, Curbline Properties and Agree Realty. The 125,204-square-foot power shopping center is fully leased. CBRE’s Dino Christophilis and Daniel Tibeau represented the seller.
Curbline Properties acquired the 31,885-square-foot strip retail component located at 1350 Marvin Rd NE in Lacey. The tenant mix features Panera Bread, Mattress Firm, BECU, Verizon, Cutter’s Point Coffee, Panda Express, and a variety of other prominent food, beverage, and service retailers.
Agree Realty 31,885-square-foot strip retail component located at 1200 Marvin Rd NE in Lacey for $21 million. Tenants include Boot Barn, La-Z-Boy, Petco, Ross Dress for Less and Ulta Beauty, among others.
“Only a handful of tenants have turned over since the property was developed in 2006, a testament to the strength of the submarket and dominant position of the property,” said Christophilis, senior vice president at CBRE.
