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May 11, 2017

Tacoma retail center sells for $47M

Capital Pacific said it handled the sale of Highland Hill Shopping Center in Tacoma for owners Highland Sixth Associates LP, a partnership associated with Koehler & Co., which bought and expanded the property in 1985. The price was $47.35 million. The buyer was an LLC associated with Retail Opportunity Investments Corp. of San Diego. The Capital Pacific team was led by Sean Tufts. He said ROIC has been one of the most active large-scale shopping center buyers in the Puget Sound. The 163,926-square-foot center is anchored by Safeway and LA Fitness. It was renovated in 2008.




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