**Northmarq Brokers Sale of Retail Strip Center in Auburn, Washington**
Sean Tufts, Kevin Adatto, and Joe Dugoni of Northmarq’s Pacific Northwest Commercial Investment Sales team have arranged the sale of Ellingson Crossing, a fully leased 15,270-square-foot retail center located in Auburn, Washington.
The property is anchored by Starbucks and is shadow-anchored by Safeway, offering high visibility at the signalized intersection of A Street and Ellingson Road. Constructed in 2007, Ellingson Crossing features strong tenant performance and long-term leases. It is also strategically located near White River Junction, the only grocery-anchored center within a two-mile radius.
Northmarq represented the private local seller in the transaction. The buyer is publicly traded Curbline Properties. The Auburn area is a key employment hub, supporting over 50,000 manufacturing jobs with major employers including Boeing, Blue Origin, and Amazon.
“The sale of Ellingson demonstrates the growing trend of institutional ownership’s entry into the formerly private market of unanchored retail center ownership and management,” said Tufts. “For centers that check all of the institutional boxes, pricing is incredibly healthy in the current environment.”
