Retail Properties of America, Inc. buys Coal Creek Marketplace

August 27, 2015

By Staff

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NEW — 4:48 p.m. Aug. 27, 2015

Retail Properties of America, Inc. is the new owner and operator of Newcastle’s Coal Creek Marketplace.

The company announced today that it acquired the 56,000 square foot property anchored by QFC for approximately $17.6 million.

“Coal Creek Marketplace is a dominant grocery-anchored center that serves an affluent Eastside trade area with significant barriers to entry,” Michael Hazinski, vice president, director of investments, western division said in a statement.

Coal Creek Marketplace is the company’s fifth Seattle-area acquisition in the past 18 months, Hazinski added. The company’s Seattle footprint is now more than 1.2 million square feet.

Retail Properties of America, Inc. is one of the largest owners and operators of high quality, strategically located shopping centers in the United States. The company also owns Heritage Square in nearby Issaquah.

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