Terramar Buys Asset in Bothell; Walmart Plans Stores in Bellevue
- Jan 25, 2012
Terramar Retail Centers L.L.C. paid approximately $35 million for Canyon Park Place, a 130,786-square-foot neighborhood retail center in Bothell. Anchored by a QFC Grocery and a Bartell’s Drugs, the center marks Calrlsbad, Calif.-based Terramar’s sixth such property in the Pacific Northwest. The company’s 3.7 million-square-foot portfolio includes 22 retail centers in the western U.S. Elsewhere in Washington, Terramar owns Fairwood Shopping Center in Renton and Covington Square in Covington.
In other news, Walmart revealed plans for a new location in Bellevue. The company has chosen the Factoria Mall for 76,000 square-foot store. The news comes at just a few days after Walmart announced a smaller in the Kelsey Creek City Center, also in Bellevue.