Renton Highlands Shopping Center

Newmark Retail Capital Markets is pleased to announce the successful closing of Renton Highlands Shopping Center, a Safeway shadow-anchored, value-add retail center located at the intersection of NE 4th Street and Union Avenue NE in Renton, Washington.

The 54,264 SF, three-parcel asset was 82% leased at the time of sale, with 87% of its income stream derived from national and credit-grade tenants including The Goddard School, Petco, AutoZone, DaVita, and Chase Bank. The transaction offered investors a strong in-place cash flow profile with immediate leasing upside through 9,565 SF of contiguous vacancy, positioned in a dynamic and high-income retail trade area.