Portfolio

Collection of Listed Properties

1321 North Columbia Center Blvd.
KENNEWICK, WA 

  • Former Toys “R” Us, part of TRU Portfolio
  • Leases pending with two national tenants 
  • Contiguous with the Simon owned Columbia Center Mall, a regional destination that is the largest mall in SE Washington
  • Extended trade area — 75 miles
  • Projected stabilized value – $7.2M

1651 West Rose St.

WALLA WALLA, WA

  • Former Shopko building being subdivided/upgraded to accommodate 3 major national retailers
  • Executed leases with Burlington, Home Goods (TJX) and Big Lots
  • Plan to develop two new pads
  • Projected Stabilized value – $16.0M

    3235 Northwest Plaza

    SILVERDALE, WA

    • Former Pier 1 adjacent to Hobby Lobby purchased in TRU Portfolio a
    • Property is across the street from the Kitsap Mall, Winco and Target
    • Executed leases with Aspen Dental and Aqua Quip
    • Both are strong credit tenants with over 1,000 locations nationwide
    • Projected stabilized value – $7.2M

      Bucklin Place

      SILVERDALE, WA

      • Former Albertsons
      • Leased half of the building to Tractor Supply Company
      • Tractor Supply completed all of it’s improvements and invested over $5.0M
      • Leased the other half of the building to Defy, the largest trampoline park operator in the world
      • Defy franchisee personally guaranteed the lease and invested over $4.0M in improvements to the facility
      • Caffe Cocina (coffee kiosk) signed a long-term ground lease
      • Projected stabilized value  – $12M

        White River Junction

        AUBURN, WA

        • Acquired Safeway shadow anchored center in 2021
        • Fully executed new Ground Lease with Taco Bell
        • Fully executed new lease with Dollar Tree
        • Executed 3 new shop tenant leases
        • Extended lease term with 5 existing shop tenants
        • Extended McDonald’s lease by 10 years
        • Signed new lease with USAA for a bank kiosk
        • Projected stabilized value – $26.0M

          12450 Amargosa Rd.

          VICTORVILLE, CA

          • Prominent freeway oriented center next to the mall with anchors in place: Hobby Lobby, PetSmart, Party City, 990 Only
          • Executed lease with Sprouts for half of the building
          • Pending lease with T.J. Maxx for the other half of the building
          • Projected stabilized value – $28.0M

          3567 Randall Way

          SILVERDALE, WA

          • Former Toys “R” Us, part of TRU Portfolio
          • New long-term lease signed with Hobby Lobby (900+ stores)
          • Hobby Lobby opened for business and is extremely successful
          • Site is across the street from the Kitsap Mall, Winco and Target
          • Projected stabilized value – $9.5M

            1325 SE Everett Mall Way

            EVERETT, WA

            • Property 100% leased to Flying Squirrel Sports (FSS)
            • FSS invested $6.0M into the property
            • FSS significant international sports/entertainment operator with locations in 6 countries worldwide
            • FSS principals have personally guaranteed the lease
            • Prominent location across from the Everett Mall
            • Projected stabilized value – $8.2M

              1000 Cooper Point Road

              OLYMPIA, WA

              • Former Toys “R” Us, part of TRU Portfolio
              • Long term leases in place with Planet Fitness and Harbor Freight Tools
              • New pad leases with Aspen Dental and coffee operator
              • Redevelopment plan to upgrade parking lot, landscaping, sign pylon, etc. being processed by the City of Olympia
              • Projected stabilized value – $17.0M

                13414 E Sprague Ave.

                SPOKANE VALLEY, WA

                  190 N Priest Rd.

                  SEQUIM, WA