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Maryland investor adds Safeway-anchored shopping center to Seattle holdings

Los Angeles County pension fund sells Evergreen Village in Bellevue for $61.4 million
The Los Angeles County Employees Retirement Association just sold Evergreen Village, a shopping center in Bellevue, Washington, built in 1962. (CoStar)
The Los Angeles County Employees Retirement Association just sold Evergreen Village, a shopping center in Bellevue, Washington, built in 1962. (CoStar)

Retail landlord First Washington Realty just bought a Safeway-anchored shopping center in Bellevue as big investors target necessity-based centers that have held up better than other retail segments across economic cycles.

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