Lowe has completed the sale of Talisman, a 286-unit multifamily and retail property at Redmond Town Center in an off-market transaction. The financial terms were not disclosed.
Talisman is the first apartment building to be developed within the 1.2 million-square-foot mixed-use lifestyle center and includes 9,400 square feet of ground-floor specialty-retail shops that complement the existing retailers.
Lowe purchased the 1.6-acre site in 2015 and completed development of the property in January 2020. Despite commencing leasing at the height of the pandemic, Talisman secured six to eight leases per week. Tenants were attracted to Talisman’s ideal location in Redmond Town Center, larger units, smart-home technology and abundant amenities, including a maker space and multiple work-from-home areas. The well-received Talisman property is now 95-percent leased, with all retail spaces occupied by a mix of specialty-food, fitness and wellness providers.
Lowe’s activ
