Alderwood properties Alderwood Parkway Place, Alderwood Parkway Plaza and Alderwood Parkway Plaza II are among the six properties.

LYNNWOOD, WA—Vestar recently purchased a six-property 297,599-square-foot retail portfolio for $95 million in an off-market transaction from the original developer. With this acquisition, Vestar expands its footprint in Washington State, owning and managing more than 1 million square feet of retail property including The Landing in Renton and James Center in Tacoma.

Developed between 1997 and 2002, the six properties (Alderwood Parkway Place, Alderwood Parkway Plaza, Alderwood Parkway Plaza II, Golde Creek Plaza, Golde Creek Plaza II and Golde Creek Plaza III) are located at the Northeast and Northwest corners of Alderwood Mall Parkway and 196th St. SW in close proximity to Alderwood Mall, a high-performing shopping center in one of Seattle’s most desirable retail corridors.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of 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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