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Donahue Schriber Closes Another Retail Buy in Washington State

4/23/15

Donahue Schriber Realty Group recently purchased Interbay Urban Center, an 80.6k sf, grocery-anchored center in Seattle. The price was not disclosed.

Interbay Urban center is located at 1827 15th Avenue West. The center is 100 percent leased.

Acquired from Interbay Urban Center LLC, the Whole Foods Market-anchored shopping center is located just three miles northwest of downtown Seattle on the highly traveled 15th Avenue West, the main arterial road from downtown Seattle to the northwest communities of Magnolia, Queen Anne, Ballard, and Interbay. Over 54,000 cars travel this route daily. The center is 100 percent leased.

The purchase follows two other recent retail buys in the state by the company. These were for Lakeland Town Center in Auburn and Westgate North in Tacoma.

“The purchase of Interbay provided Donahue Schriber with a unique urban core opportunity. We believe the Pacific Northwest is one of the most attractive retail hubs on the West Coast. The company remains focused in its strategic pursuit of additional acquisitions in the region,” said Patrick Donahue, Chairman and Chief Executive Officer of Donahue Schriber.





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