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Six Washington Retail Properties Part of $203 Million Transaction

SEATTLE-New York City-based Aegis Realty Inc. is acquiring 19 community shopping centers from Dallas, Texas-based P.O.B. Montgomery & Co. and its investment partners, as well as P.O.B's ongoing development business.

By Brian K. Miller | Updated on December 22, 2000

SEATTLE-Six Washington retail properties are changing hands as part of a $203 million transaction wherein New York City-based Aegis Realty Inc. is acquiring 19 community shopping centers from Dallas, Texas-based P.O’B. Montgomery & Co. and its investment partners, as well as P.O.B’s ongoing development business.

The Washington properties involved in the transaction include the 117,000-sf Court Street in Pasco, WA that is 99.3% leased and anchored by Rite Aid and Albertson’s; the 123,196-sf Highland Center in nearby Kennewick, WA that is 80.6% leased and anchored by Rite Aid and REI; 149,176-sf Washington Plaza in Richland, WA that is 94.9% leased and anchored by Safeway and Rite Aid; 136,350-sf Franklin Park in Spokane, WA that is 73.1% leased and anchored by Ross Dress For Less and Rite Aid; the 233,548-sf Tacoma Place in Tacoma, WA that is 80.6% leased and anchored by Homebase, and Gart Sports; and the 238,147-sf Marysville Town Center in Marysville, WA that is 94.6% leased and anchored by Staples and Rite Aid.

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