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Seattle & Northwest  + Seattle  + Retail  | 

Seattle Retail Center Acquired by CenterSquare

CenterSquare recently executed three acquisitions, adding to the company’s essential service retail portfolio. These latest additions include a Seattle-area retail center, and the deals bring the firm’s portfolio to 74 properties nationally.

CenterSquare bought the 25,414-square-foot Normandy Park shopping center located just 14 miles from downtown Seattle. The property features three buildings and is 100% leased. Normandy Park is CenterSquare’s second retail asset in the region and is strategically located near the Seattle–Tacoma International Airport.

Located at 19803 1st Avenue S., the property is anchored by Grocery Outlet on a new 10-year lease. The center offers a mix of tenants, including Papa John’s, Ace Hardware, Subway, and Edward Jones. The company also acquired the Shoppes at Indian Trail, a 33,129 square-foot retail plaza in Charlotte, North Carolina, as well as the 22,000-square-foot Saxon Shops property in Altamonte Springs, Florida.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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