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Investor buys grocery-anchored shopping center near Tacoma

Cincinnati-based Phillips Edison & Co. pays $41 million for Surprise Lake Square
The 13-acre Surprise Lake Square in Milton, Washington, was built in 1984. (Phillips Edison)
The 13-acre Surprise Lake Square in Milton, Washington, was built in 1984. (Phillips Edison)
CoStar News
November 21, 2025 | 3:41 P.M.

One of the nation’s largest owners and operators of grocery-anchored shopping centers bought Surprise Lake Square in Milton, east of Tacoma, Washington.

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