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Tacoma Mixed-Use Portfolio Sells for $4.6M

Buyer to Redevelop Properties
July 31, 2008
An entity associated with Dan Durr, president of First Western Properties, sold a mixed-use portfolio in Tacoma, WA, to private investor Scott Grainger for $4.6 million.

The portfolio includes two retail buildings of 3,300 square feet and 7,000 square feet at 626 S. Sprague Ave. and 2024 6th Ave., respectively, and a 1,884-square-foot mixed-use building at 2034 6th Ave.

The buyer plans to hold the retail property on Sprague Ave., and redevelop the 6th Ave. properties into a Walgreens.

Durr handled the deal for the seller, while Rune Harkestad of First Western Properties' Kirkland office represented the buyer.

Please refer to CoStar COMPS #1545351 for more information on this transaction.

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