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51k SF Meridian Valley QFC Center Closing! February 4, 2010

Posted by Sean Tufts in Retail News, Retail Sales Comps, Sale.

The first notable retail center sale in the Puget Sound market has closed for the year.  Meridian Valley located in Kent, WA is a 51,566 square foot center anchored by a QFC (Kroger) grocery store.  The center, built in 1981, was 100% leased at the time of sale and sold for $134/sf.

Fully leased retail investment sales have been rare in the past two years.  We are encouraged  and this is no doubt a good sign for our market.   The press release can be found here.



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