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Triangle Center Triangle Center is a 260,627-square-foot community shopping center situated on 36.9 acres.

LONGVIEW, WA—Neighborhood/necessity centers continue to pull their weight throughout the country. A recent acquisition example in the Pacific Northwest is Triangle Center, a community center 98% leased to national and regional credit tenants. The center sold for $38.3 million. A private buyer based in San Diego purchased Triangle Center to complete a 1031 exchange.

Built in 2004, Triangle Center is a 260,627-square-foot community shopping center situated on 36.9 acres at 1015 Ocean Beach Highway in Longview, roughly 50 miles north of downtown Portland, while downtown Seattle is located 125 miles north. Triangle Center is located in the supply-constrained downtown Longview trade area with limited sites available for future development, creating high barriers to entry.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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