Donahue Schriber Acquires Shopping Center Portfolio in the Puget Sound of Washington
Puget Sound of Washington—Donahue Schriber Realty Group, a West Coast owner, operator, and developer of neighborhood, community, and power shopping centers announced the acquisition of a portfolio of assets in the surrounding communities of Seattle. The portfolio consists of four grocery-anchored shopping centers totaling 552,125 square feet. Canyon Park Place, a 125,616 square-foot QFC anchored center, and Lakeside at Canyon Park, a 91,048 square-foot Safeway anchored center, are both located in Bothell. Covington Square, a 151,563 square-foot Safeway anchored center in Covington, and Gig Harbor’s Point Fosdick Square, a 183,898 square-foot Safeway anchored center, complete the portfolio.
Pat Donahue, Donahue Schriber’s Chairman & CEO, stated “The acquisition of these Washington State assets presented Donahue Schriber with the unique opportunity to expand our presence in a marketplace with high barriers to entry. These core, core-plus, value add, and development opportunities serve the exceptionally strong Puget Sound demographic and will seamlessly align with our company’s West Coast expansion strategy. Donahue Schriber will now concentrate on enhancing the portfolio’s already robust tenancy.”
About Donahue Schriber Realty Group
Donahue Schriber Realty Group is a privately-held Real Estate Investment Trust (REIT) with 65 shopping centers representing over 11.5 million square feet of retail space throughout California, Nevada, Oregon, and Washington. For more information about the company, visit www.DonahueSchriber.com.