Newmark Facilitates $44M Sale of Grocery-Anchored Retail Center in Washington
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. Washington office has been a leading conversion market in the cycle, with multiple downtown Class B assets entering office-to-residential programs in the last twelve months. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 71st Washington story tracked on the wire in August 2026. All Washington coverage →
- Disclosed retail deal value tracked in August 2026: $2.7B across 94 reported transactions. All Retail coverage →
- 91 stories mentioning Newmark on the wire in the past 90 days. Newmark coverage →
Computed from Real Estate Trail’s own tracked coverage
Newmark has arranged the $44.1 million sale of South Sound Center, a 384,153-square-foot, grocery-anchored retail center located at 711 SE Sleater Kinney Road in Lacey, Washington. Newmark Executive Managing Director…
External link. Real Estate Trail does not republish source content.
Related coverage — Washington · Retail
Gantry Secures $16M for Seattle’s Russell Hall Mixed Use in University District
Gantry has secured a $16 million permanent loan to refinance maturing debt for Russell Hall, a mixed-use property located at 1414 NE 42nd St, directly adjacent to the University of Washington and “The Ave” retail and…
Newmark Arranges $20M Sale of Liberty Corners Shopping Center in Metro Kansas City
Apartment Property in Downtown Wenatche Changes Hands
Tamarack, a 23-unit apartment community at 211 N. Delaware Avenue in Wenatchee, Washington, has sold for $3.25 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team represented the…
Northern Virginia Office Vacancy Falls Again as AI, Defense Demand Builds
Northern Virginia’s office market continued to tighten in the third quarter as more demand from artificial intelligence, technology and defense tenants bolstered weaker leasing activity. The market posted 672,378 squa…
Jemal Real Estate, DivcoWest Plan Office-to-Residential Conversion in D.C.’s West End
WASHINGTON, D.C. — Jemal Real Estate Strategies and DivcoWest have formed a joint venture to complete an office-to-residential conversion project in Washington, D.C.’s West End district. Madison Realty Capital provide…
Greenberg Traurig Washington, D.C., Broadens Life Sciences, Complex Litigation Capabilities with Addition of Jonathan Janow
WASHINGTON, Oct. 8, 2026 /PRNewswire/ -- Global law firm Greenberg Traurig, LLP has expanded its complex litigation, life sciences, and antitrust capabilities with the addition of Jonathan D. Janow as a shareholder in…