PORT ORCHARD, WA—Bethel Junction, a 157,508 square foot Safeway-anchored shopping center in Port Orchard, recently changed hands.
Bethel Junction occupies 13 acres of land and was developed in 1989. A second phase of development occurred in 1998 which added approximately 50,000 square feet of additional retail space. The shopping center sold for $20,800,000 at $132 per square foot.
The buyer was Gerrity Group, based in San Diego. Gerrity has been actively buying retail centers in the Pacific Northwest since 2011.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
