Sagard Real Estate, a real estate investment adviser, has announced the acquisition of a class A, grocery-anchored retail center in Lake Stevens, Wash. The 74,130-square-foot property represents a strategic addition to the firm’s growing grocery-anchored retail portfolio in the Pacific Northwest.
The property is strategically located near Interstate 5 and the SR-204/SR-9 interchange, providing strong visibility and convenient access for residents commuting throughout the Seattle metropolitan area. Lake Stevens offers a well-established residential base, access to natural amenities and a strong community orientation, supporting consistent demand for essential, neighborhood-serving retail.
Situated on a 7.04-acre site, the fully leased center consists of three buildings constructed in 2000 and is anchored by Haggen, which occupies a standalone grocery building. Additional tenancy includes Chase Bank and a complementary mix of in-line retail tenants serving everyday con
