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Burlington Fashion Outlets Washington

Shops at Burlington Fashion Outlets Sell for $9.5M for Redevelopment

Kidder Mathews has arranged the sale of The Shops at Burlington in Burlington, WA for $9.5 million to local investor Burlington Investment Properties LLC. The one-time primary outlet mall in Washington will likely become a multifamily development after four of the five biggest tenants vacated The Shops. 

Kidder’s Mike King, Ryan Haddock and Erik Swanson represented the seller for the property which is located directly along Interstate 5 at 448 Fashion Way with zoning that allows for large scale development. 

“It was clear this property needed a new plan,” said King in a news release, “The majority of the interest was from multifamily developers with mixed-use plans. We had numerous competitive offers and closed with an all-cash buyer on a short timeline. I’m looking forward to seeing what the new owner comes up with to revitalize the property.” 


Inside The Story

Kidder Mathews

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition
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