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First Washington Realty Expands PNW Presence, Acquires Evergreen Village
First Washington Realty (FWR) has acquired Evergreen Village, a 123,562-square-foot grocery-anchored community shopping center in Bellevue, Washington, expanding the firm’s Pacific Northwest portfolio to 2.3 million square feet.
Anchored by a Safeway supermarket, Evergreen Village features a diverse mix of fitness and dining tenants, including Edgeworks Climbing, Puetz Golf Superstore, and Starbucks. “Evergreen Village is exactly the kind of property we look for,” said Sarah Ellis, Managing Director, Investments for FWR. “It’s a grocery-anchored center in a well-established neighborhood, and Safeway has been serving the Bellevue community for over 50 years.”
Positioned in one of the Pacific Northwest’s most established retail corridors, in the heart of Bellevue’s high-growth Eastside, the center serves a dense population within a rapidly expanding submarket. Evergreen Village is situated near major local employers, including Microsoft, Amazon, Meta, and T-Mobile.
FWR is a vertically integrated, institutional real estate investment firm with a national portfolio of 138 open-air properties totaling more than 21.5 million square feet across 21 states and Washington, D.C.
