Northmarq’s Pacific Northwest Investment Sales team brokers sale of 106,000-sq.-ft. WinCo Foods at Kitsap Mall
SILVERDALE, Wash. (Sept. 13, 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 106,904-sq.-ft. WinCo Foods at the Kitsap Mall in Silverdale, WA.
Northmarq represented the seller, Rhino Investments Group, LLC of Henderson, Nevada, and the buyer, Hyperion Realty Capital of Sherman Oaks, California, Northmarq in this transaction. The property, originally a Sears store built in 1985 and was repurposed into a single tenant WinCo Foods by Rhino Investments in 2022, revitalizing a key component of the Kitsap Mall.
“This sale is a testament to the resilience and adaptability of well-positioned retail assets in today’s market. It’s been a pleasure working with both Rhino Investments and Hyperion Realty Capital—long-standing clients who trust our ability to deliver tailored solutions,” said Tufts, Managing Director at Northmarq.
WinCo Foods is located at 10315 Silverdale Way N.E. in the Kitsap Mall near State Road 3 and 303 in Silverdale. The single-tenant retail property is connected to the Kitsap Mall sitting on 10.29 acres. This former Sears store was originally built in 1985 and was repurposed to a WinCo food in 2022. Kitsap Mall is currently occupied by Macy’s, Dick’s Sporting Goods, Barnes & Noble, and Kohls, among others.
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of more than $52 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.
