WOODINVILLE, WA—Woodinville Plaza, a 171,000 square foot grocery-anchored shopping center on the eastside of the Puget Sound region has been acquired by Retail Properties of America, Inc.
The REIT will pay $35.3 million for the asset, which is anchored by County Market, a SUPERVALU concept.
“The compelling characteristics of this acquisition meet our long-term objectives, with strong demographics and high barriers-to-entry,” stated Shane Garrison, executive vice president. “This asset will be a great addition to our expanding portfolio in the Seattle market, which has grown by over 350,000 square feet since the beginning of 2014, highlighting our ability to execute on our strategic plan as we continue to position the company for long-term growth.”
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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.
