QFC Replacing Fred Meyer at Broadway Market

SEATTLE-Madison Marquette, the owner of the 110,000-sf Broadway Market here says Kroger will shut down the 31,000-sf Fred Meyer now inside the 110,000-sf urban center, lease an additional 32,000 sf in the building and move its QFC into the space from a 22,000-sf location next door. Broadway Market is a two-level mixed-use urban retail center serving the Capitol Hill neighborhood. Madison Marquette’s VP of leasing Jim Alexander tells GlobeSt.com that the extra 32,000 sf of space that QFC will take over includes existing tenant spaces and recaptured common area. The existing pharmacy inside Fred Meyer will be incorporated into the new QFC and Urban Outfitters and Hot Topic will be relocated within the center. In the shuffle, Urban Outfitters will end up with street front presence on Broadway, says Alexander. Construction is expected to begin in July. Urban Outfitters and Hot Topic are expected to occupy their new space in early fall. Other retailers in the center include Broadway Video, Gold’s Gym and Torero’s Mexican Restaurant. The center will be 98.5% leased when the changes are complete.Broadway Market, also home to 30 apartments and subterranean parking for 230 vehicles, is one of several properties Madison Marquette manages and leases in the greater Seattle area. The others are 601 Pine, the Commons at Issaquah and Lake Forest Park Towne Centre.