Lakeland Town Center, a fully leased shopping center in Auburn, has been brought to market as an investment opportunity. The property serves the surrounding Lakeland Hills and Lake Tapps neighborhoods, positioning it as a community-focused retail hub.
The four-year-old open-air center is being marketed by JLL on behalf of the owner, EDENS. EDENS is described as a Washington, D.C.-based owner, operator and developer of open-air retail and mixed-use shopping centers across the United States, and it currently holds the ownership of Lakeland Town Center.
The shopping center is located at 1402 Lake Tapps Parkway S.E. on a 12.48-acre site. The property was both built and renovated in 2022, indicating that the asset is relatively new construction with recent improvements. Its location near Lake Tapps and overlooking the Auburn and Puyallup valleys is noted as a factor supporting steady local demand and broad regional appeal.
Lakeland Town Center totals 125,233 square feet and is anchored by a Haggen Northwest grocery store. In addition to the grocer, the tenant mix includes retailers, restaurants and service users such as McDonald’s, Orangetheory Fitness, a Subway shop and a Mexican restaurant, according to reporting from the Puget Sound Business Journal. The center is fully leased, underscoring stabilized occupancy at the time it comes to market.
With a grocery anchor, a mix of daily-needs retailers and fitness, and a location serving established residential neighborhoods, the property reflects the open-air, necessity-based retail format that EDENS focuses on across its national portfolio. The marketing assignment with JLL highlights the center’s combination of recent construction, full occupancy and neighborhood-serving positioning as key features for prospective investors.
