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January 28, 2021
The DJC reported last week on the $15.5 million sale of a Haggen-leased grocery store in Stanwood. Merlone Geier Partners of San Francisco was the seller, and Apollo Net Lease Capital of greater San Diego was the buyer. Now the brokers have announced themselves and detailed a eight-store portfolio sale. Three stores are in Bellingham; others are in Ferndale, Mount Vernon, Marysville and Burlington. Terms weren't announced, for the overall deal, which spans about 436,000 square feet. The seller's brokers were Matt Berres of Eastdil Secured, working with Newmark's Paul Sleeth, Billy Sleeth and Patrick Allen. All the leases are triple-net, with long terms, the brokers said.