Intercontinental Real Estate Corporation Acquires Lakeland Town Center In Auburn For $69.5M

1406 Lake Tapps Parkway Southeast is a 12.6-acre retail asset located in Auburn, WA. The property was acquired for $69.5 million, comprising a fully leased grocery-anchored retail center, totaling 125,233 square feet with a price per square foot of $555.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $69,500,000
• Address: 1406 Lake Tapps Parkway Southeast
• Market: Auburn, WA
• Asset Size: 12.6 acres
• Square Footage: 125,233
• Price Per Square Foot: $555

Intercontinental Real Estate Corporation is the buyer in this transaction. The brokers representing the deal include Geoff Tranchina, Gleb Lvovich, Daniel Tyner, and Tess Berghoff from JLL.