Wednesday, July 27, 2016

HFF closes sale of the leasehold interest of a vacant grocery store near Seattle, WA

Nick Foster

 NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of the leasehold interest of a vacant building formerly occupied by Haggen Food & Pharmacy in the Seattle suburb of Burien, Washington.

HFF marketed the property on behalf of the seller, HH Property North, LLC.  Five Corners Leasehold LLC, purchased the leasehold interest for an undisclosed price.

Completed in 1996, the 40,593-square-foot building is part of the Five Corners Shopping Center, which is also home to Trader Joe’s, Panda Express, Starbucks, Freedom Fitness, Verizon and Sunny Teriyaki.

 Located at 15840 1st Avenue South, the building is at the intersection of South 160th Street and 1st Avenue South just off Highway 509 near Seattle-Tacoma International Airport.

The HFF investment sales team representing the seller was led by Nick Foster, Nick Kassab and Mark West.  The buyer was represented by Brendan Powell of Marcus & Millichap.

“This was an excellent opportunity to own a quality retail building within a dynamic shopping center in the Seattle MSA,” Foster said.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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