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Seattle & Northwest  + Seattle  + Retail  | 
Five Below

Five Below Will Take Over Seven Party City Leases in Washington State

Discount retailer Five Below will use former Party City locations to expand into Washington State. The Puget Sound Business Journal reported that the Philadelphia-based chain will open four Seattle-area stores along with three in central and eastern Washington.

The four Puget Sound locations include 31417 Pacific Hwy. S. in Federal Way, 10408 156th St. E. in Puyallup, 2617 196th SW St. in Lynnwood and 1402 SE Everett Mall Way in Everett. Other locations include Spokane Valley, Richland and Yakima/Union Gap.

Party City closed all of its stores in February after filing for bankruptcy a few weeks earlier. It operated 10 locations in the Seattle area and a total of 16 across the state.

Five Below took over a total of 44 Party City leases at a bankruptcy auction. It operates 1,800 stores nationwide but has yet to open in the Pacific Northwest, Alaska or Hawaii.

Dollar Tree is also expected to backfill some Seattle-area Party City locations.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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