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Marcus & Millichap Arranges Sale of Eastern WA Shopping Center
Marcus & Millichap has facilitated the sale of a 14.18-acre shopping center in the heart of Washington’s Tri-Cities retail trade area.
Financing was provided by Ray Allen with Marcus & Millichap Capital Corporation. The off-market transaction marks the first sale of the high-visibility Tri-Cities Center in over four decades and represents a major repositioning opportunity for the buyer.
The center includes five pad buildings and a mix of national tenants, including one of the top-performing Burlington stores in the western United States. The Tri-Cities Center will be embarking on a transformative modernization project aimed at revitalizing the shopping center’s presence.
“This asset represents exactly the kind of opportunity we seek — irreplaceable real estate in a growing market with strong in-place income and clear value-add potential,” said Seth Startup, founder of Startup Development Partners. “We look forward to modernizing the center and creating long-term value for our tenants and partners.”
