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Northmarq Brokers Sale of Retail Strip Center in Auburn
Sean Tufts, Kevin Adatto and Joe Dugoni of Northmarq’s Pacific Northwest Commercial Investment Sales team arranged the sale of Ellingson Crossing, a fully occupied 15,270-square-foot retail center in Auburn, Washington.
Anchored by Starbucks and shadow-anchored by Safeway, the high-visibility strip center sits at the signalized intersection of A Street and Ellingson Road. Built in 2007, the property benefits from strong tenant performance, long-term leases, and proximity to White River Junction — the only grocery-anchored center within a two-mile radius.
Northmarq represented the private local seller in the transaction. The buyer was publicly traded Curbline Properties. The area is home to more than 50,000 manufacturing jobs, including major employers such as Boeing, Blue Origin, and Amazon.
“The sale of Ellingson demonstrates the growing trend of institutional ownership’s entry into the formerly private market of unanchored retail center ownership and management,” said Tufts. “For centers that check all of the institutional boxes, pricing is incredibly healthy in the current environment.”
