StarPoint Properties LLC sold the Orillia Shopping Center in Kent, WA, to a private investment group for about $11.1 million, or $205 per square foot.
The 53,9110-square-foot center is comprised of three buildings at the southwest corner of SW 43rd St. and E. Valley Highway. It was approximately 90% occupied at time of sale.
Phil Voorhees of CB Richard Ellis listed the property, while Dan Malcolm of Lee & Associates represented the buyer.
Please see CoStar COMPS #1635616 for more information regarding this transaction.