Pan Pacific Retail Properties Inc., one of the largest owners and operators of grocery store-anchored shopping centers in Seattle, says that none of its Seattle-area properties experienced any building damage in Wednesday's earthquake.
The Vista-based REIT carries earthquake insurance for its entire portfolio. Pan Pacific Retail Properties Inc. is the largest neighborhood shopping center REIT on the West Coast. Pan Pacific's portfolio currently totals 110 shopping centers, with a total of more than 15 million sf of retail space.
The portfolio is diversified across five Western U.S. markets: Northernand Southern California, Washington, Oregon and Nevada. The company has a regional office in Kent, WA.
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