SEATTLE-Briar Development has sold a retail portfolio in Washington and Oregon to San Diego-based MGP X Properties LLC for $175 million. The retail properties, which include 15 sites leased to Top Foods and Haggen Foods, also comprise five undeveloped sites.
The undeveloped sites, which account for approximately $10 million of the deal, are mainly smaller pad sites. Paul Sleeth and Billy Sleeth of Colliers represented MGP X Properties, while Sagent Advisors of New York represented Briar Development in the deal. For the full story, go to Puget Sound Business Journal .
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