Puget Park in Everett and Meridian Village in Bellingham are theaffected properties. Puget Park, located at 520 128th Street SW, isan 89,000-sf center is anchored by a 41,896 square footAlbertson's. It was built in 1981, and is currently 19% vacant.
Meridian Village, a 208,000-sf shopping center located at 3930Guide Meridian Road, includes a new Home Depot, as well as aCircuit City and a Rite Aid. It was built in 1979 and renovated in1997. It is currently 2.3% vacant.
Burnham Pacific sold its interest in the properties along with12 others for $355 million. Prudential Real Estate Investors saysit is making its investment on behalf of PRISA II, a $1.5 billionopen-end, commingled real estate equity fund it operates forinstitutional investors.
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