Sagard Real Estate has acquired a 74,130-square-foot grocery-anchored retail center in Lake Stevens, Washington.

The property is strategically located near Interstate 5 and the SR-204/SR-9 interchange, providing strong visibility and convenient access for residents commuting throughout the Seattle metropolitan area. “This acquisition reflects our continued focus on high-quality retail centers in well-located markets with strong long-term fundamentals,” said Tom Stover, Managing Director of Acquisitions at Sagard Real Estate. “The property’s durable tenancy, essential positioning, and high occupancy align well with our strategy of building a resilient retail portfolio in the region.”

Situated on a 7.04-acre site, the fully leased center consists of three buildings constructed in 2000 and is anchored by Haggen, which occupies a standalone grocery building. Additional tenancy includes Chase Bank and a mix of in-line retail tenants. The acquisition follows Sagard Real Estate’s recent purchase of Oswego Village, a grocery-anchored retail center located in downtown Lake Oswego, Oregon.