Building Wealth

Helping investors make timely commercial real estate decisions that build wealth.

Swanson King / Kidder Mathews


New Listing

Former Mercedes Benz & Abbey Carpet Locations

Located on a 2.19-acre parcel at 20505 and 20515 Highway 99 in Lynnwood, Washington. Two buildings, totaling approximately 25,259 square feet, were constructed in 1978 and 1990.

Square Feet 25,259
New Listing

Former Ritz Furniture

Currently occupied by Ritz Furniture Gallery and previously by La-Z-Boy Furniture, the property will be vacated, making it an attractive prospect for an owner/user or investor seeking to add value.

Square Feet 25,467
New Listing

Highway 99 Assemblage

Three parcels, totaling 3.42 acres, front Highway 99. Zoned General Commercial (GC), these lots are in the Highway 99 Corridor (H99). This zone aims to encourage the development of mixed-use nodes at major intersections along Highway 99, typically located at bus rapid transit (BRT) stops, in line with the Highway 99 subarea plan. The assemblage includes 3 buildings: a former furniture store (25,467 SF), a former carpet store (9,240 SF), and a former Mercedes dealership (16,152 SF). Please contact Erik or Mike for further details.


The Hottest Real Estate Play Is in Your Neighborhood

Continuing our theme from last month, the Wall Street Journal recently published an article titled The Hottest Real-Estate Play Is in Your Neighborhood. The article highlights the growing popularity of strip retail centers.

Pacific Northwest Strip Retail Remains Strong

The pandemic has profoundly impacted the commercial real estate industry, causing significant challenges across all asset classes. Retail real estate, in particular, has faced uncertainty and disruption. However, despite current lending challenges in commercial real estate, strip centers are emerging as a favored asset class. One reason is their resilience.

ICSC Takeaways

We met with many clients and industry colleagues at the ICSC shopping center convention in Las Vegas last week. Here are a few of our takeaways:


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