CBRE Brokers $13.4 Million Sale of the Woodinville Mall
15 5月 2020
CBRE announced the $13.4 million sale of the Woodinville Mall, located at 17414 139th Avenue Northeast in downtown Woodinville, Wash. Dino Christophilis in CBRE’s Seattle office represented the seller, Leona G. Himmelspach. An undisclosed buyer purchased the property in a sale that closed April 30.
“Woodinville Mall is a fully occupied retail center in Woodinville’s high-growth Eastside submarket, an area with strong demographics and several new multifamily projects recently developed in the immediate area,” said Dino , Senior Vice President, National Retail Partners, CBRE.
Woodinville Mall’s 24,739-sq.-ft. property on 93,681 sq. ft. of landhouses 19 tenants across six buildings, including Allstate Insurance, Goodyear and Seattle Optometric Physicians.
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.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.