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5/18/20
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Woodinville Mall, a 24.7k sf retail center in downtown Woodinville, WA, sold for $13.4 mil ($542/sf). The property consists of six building with 19 tenants, including Allstate Insurance, Goodyear and Seattle Optometric Physicians.
Woodinville Mall sits on on a 93.7k sf site at 17414 139th Avenue Northeast in the city’s high-growth Eastside submarket, an area with strong demographics and several new multifamily projects recently developed in the immediate area.
Dino Christophilis with CBRE represented the seller, Leona G. Himmelspach. The buyer was not named.
According to Christopholis, to accommodate population growth, the city of Woodinville has invested heavily in local infrastructure. The improvements will directly benefit the Woodinville Mall with two new roads planned adjacent to the property, 138th Avenue and 173rd Street, scheduled for completion by 2024.
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