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Marcus & Millichap Facilitates Sale of Tri-Cities Shopping Center in Eastern Washington
Marcus & Millichap has facilitated the sale of a 14.18-acre shopping center located in the core of Washington’s Tri-Cities retail trade area. This off-market transaction marks the first time in over 40 years that the high-profile Tri-Cities Center has changed ownership.
The financing for the sale was arranged by Ray Allen of Marcus & Millichap Capital Corporation. The transaction presents a major repositioning opportunity for the buyer, who plans to revitalize the center through a transformative modernization project.
The Tri-Cities Center features five pad buildings and hosts a diverse mix of national tenants, including one of the top-performing Burlington locations in the western United States.
Seth Startup, founder of Startup Development Partners, commented on the acquisition: “This asset represents exactly the kind of opportunity we seek — irreplaceable real estate in a growing market with strong in-place income and clear value-add potential. We look forward to modernizing the center and creating long-term value for our tenants and partners.”
This landmark deal signals a new chapter for the Tri-Cities Center, positioning it for enhanced growth and relevance in the regional retail landscape.
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