{"id":1004213406,"date":"2018-03-26T01:40:32","date_gmt":"2018-03-26T09:40:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004213406"},"modified":"2022-12-08T19:44:16","modified_gmt":"2022-12-09T03:44:16","slug":"donahue-schriber-realty-expands-wa-retail-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/donahue-schriber-realty-expands-wa-retail-portfolio\/","title":{"rendered":"Donahue Schriber Realty Expands WA Retail Portfolio"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

\"Canyon<\/a>

Canyon Park Place in Seattle<\/p><\/div>\n

Donahue Schriber Realty Group<\/a> has acquired four grocery-anchored shopping centers, totaling 552,125 square feet, in the Puget Sound communities of Seattle.<\/p>\n

Two of the properties in the portfolio\u2014Canyon Park Place, a 125,616 square-foot QFC-anchored center, and Lakeside at Canyon Park, a 91,048 square-foot Safeway-anchored center\u2014are located in Bothell, while Covington Square, a 151,563 square-foot Safeway-anchored center is situated in Covington, and the 183,898 square-foot Safeway-anchored Point Fosdick Square is located in Gig Harbor.<\/p>\n

\u201cThe acquisition of these Washington State assets presented Donahue Schriber with the unique opportunity to expand our presence in a marketplace with high barriers to entry,\u201d <\/em>Pat Donahue, Donahue Schriber\u2019s chairman & CEO, said in a prepared release. \u201cThese core, core-plus, value-add, and development opportunities serve the exceptionally strong Puget Sound demographic and will seamlessly align with our company\u2019s West Coast expansion strategy.\u201d<\/em><\/p>\n

According to Donahue, the company will move forward, concentrating on enhancing the portfolio\u2019s already robust tenancy.<\/p>\n

Seattle is strong<\/strong><\/h2>\n

The latest Marcus & Millichap Seattle Retail Market Report revealed that a healthy economy is translating into robust performance for retail in the metro, aided by one of the strongest job markets in the U.S. Solid fundamentals, such as vacancies under 3 percent in the city of Seattle and on the Eastside, are outweighing challenges that the sector has been facing recently.<\/p>\n

Donahue Schriber Realty Group\u2019s portfolio currently consists of 62 shopping centers representing more than 11 million square feet of retail space throughout California, Nevada, Oregon and Washington.<\/p>\n

Earlier this month, Donahue Schriber Realty Group sold Westlake Village, a 31,980-square-foot\u00a0retail center in Sacramento, Calif. In January, the company sold Colony Plaza, a 73,199-square-foot shopping center in Ripon<\/a>, Calif., for $5.6 million.<\/p>\n

Image courtesy of Donahue Schriber Realty Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The company has acquired four grocery-anchored shopping centers located in the Puget Sound communities of Seattle.<\/p>\n","protected":false},"author":451,"featured_media":1004213442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21783,21742,21749,1610,15],"tags":[34558,34836,34103],"class_list":["post-1004213406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-investment","category-latest","category-retail","category-seattle","category-west","tag-donahue-schriber-realty-group","tag-marcus-millichap","tag-safeway-inc"],"acf":[],"yoast_head":"\nDonahue Schriber Realty Expands WA Retail Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/donahue-schriber-realty-expands-wa-retail-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Donahue Schriber Realty Expands WA Retail Portfolio\" \/>\n<meta property=\"og:description\" content=\"The company has acquired four grocery-anchored shopping centers located in the Puget Sound communities of Seattle.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/donahue-schriber-realty-expands-wa-retail-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-26T09:40:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:44:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Canyon-Park-Place-in-Seattle.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/donahue-schriber-realty-expands-wa-retail-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/donahue-schriber-realty-expands-wa-retail-portfolio\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"Donahue Schriber Realty Expands WA Retail Portfolio\",\"datePublished\":\"2018-03-26T09:40:32+00:00\",\"dateModified\":\"2022-12-09T03:44:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/donahue-schriber-realty-expands-wa-retail-portfolio\\\/\"},\"wordCount\":307,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/donahue-schriber-realty-expands-wa-retail-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/03\\\/Canyon-Park-Place-in-Seattle.jpg\",\"keywords\":[\"Donahue Schriber Realty Group\",\"Marcus & Millichap\",\"Safeway Inc.\"],\"articleSection\":[\"Deals\",\"Featured\",\"Investment\",\"News\",\"Retail\",\"Seattle\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/donahue-schriber-realty-expands-wa-retail-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/donahue-schriber-realty-expands-wa-retail-portfolio\\\/\",\"name\":\"Donahue Schriber Realty Expands WA Retail Portfolio - 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