$185MM Mixed-Use Loan Sale | Washington, DC
US - Washington, DC
£148,589,000 | 488,801 sf
JLL, as exclusive advisor, is pleased to offer the opportunity to acquire The Shops at Point Ruston (“The Property” or “Center”), four multi-tenanted retail properties in Ruston and Tacoma, Washington, just south of Seattle. This offering features unique flexibility regarding the ability to acquire all four retail properties in a portfolio opportunity, or, alternatively selectively purchase any of the four assets individually as a buyer sees fit. The offering benefits from one mile of unobstructed Puget Sound waterfront making it one of the top waterfront retail destinations in the Pacific Northwest. In total the properties consist of 82,815 SF and are 99% leased to a diverse mix of restaurants, boutiques, experiential retail, and medical tenants. The retail is part of the greater Point Ruston master-planned community encompassing 50 acres of publicly accessible parks, 60,000+ SF of office, and 1,800+ units of apartments and condos located 10 minutes from downtown Tacoma. The Center provides the rare opportunity to own up to four retail properties in a thriving waterfront master planned community.