Northmarq’s Pacific Northwest Investment Sales team brokers sale of Marysville Town Center
SEATTLE (Aug. 26, 2024) — Northmarq’s Pacific Northwest Commercial Investment Sales team of Sean Tufts, Kevin Adatto, Scott Frank and Joe Dugoni successfully brokered the sale of the Marysville Town Center in Marysville, Wash.
Northmarq represented the seller, Hyperion Realty Capital and the buyer, Rhino Investments Group, LLC. The retail property features 221,348 square feet.
“Marysville Town Center is the significant grocery anchored center on the southern side of Marysville and is home to a very successful Albertson’s grocery store. This strategic and creative transaction was part of a larger solution provided by Northmarq that helped the buyer and seller, both of which are longstanding and great clients of our team and company,” said Tufts.
Built in 1988, Marysville Town Center is a grocery anchored shopping center situated on 15.4 acres. It is anchored by a strong preforming Albertson’s grocery store and includes several national tenants including a newly opened Burlington. Other tenants include JCPenney, Petco and Staples. Positioned 30 miles north of Seattle, the property is centrally located just off Interstate 5.
Tufts, Adatto, Frank and Dugoni joined Northmarq in August 2023 from CPX, LLC, establishing new Seattle and Portland offices for Northmarq and reinforcing best-in-class service for clients in the Pacific Northwest and across the country.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.
