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May 19, 2020

DevCo snaps up another vacant shopping center; 430 units planned

Real Estate Editor

Photo provided by Kidder Matthews [enlarge]
Everett’s Four Corners property had once been home to a Kmart and Walgreens. DevCo now wants to build a five-building apartment complex on the site. A mixed-use addition could come later.

An entity of Bellevue-based real estate investment firm DevCo has paid $18 million for the Four Corners property at 8102-8120 Evergreen Way, according to Snohomish County records. The seller was Everett 4 Corners LLC, which had owned the property for decades.

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