Acquisition of The Commons at Main Street

Deal value: $90,000,000

Acquisition of a mixed-use property in Seattle, WA, featuring 30,000 sq ft of retail and 150 residential units above. The property is anchored by a local grocery store and includes a community center.

The acquisition targets a high-performing mixed-use asset in Seattle, capitalizing on strong demand for urban residential and retail space driven by the city's tech-fueled job growth and limited Class A inventory. The property’s grocery anchor and community center enhance foot traffic and tenant stability, aligning with investor appetite for resilient, income-generating assets in dynamic urban markets. Timing reflects confidence in Seattle’s continued population and employment expansion, as well as a belief in the enduring appeal of walkable, amenity-rich neighborhoods.