Jeffery A. Leonard & Stephen Thorne Acquires Walla Walla Retail For $24.5M

The Walla Walla Town Center, a retail asset located at 1631 West Rose Street in Walla Walla, WA, has been sold for $24.5 million. The property spans 120,169 square feet and was acquired by Jeffery A. Leonard of Alamo Group and Stephen Thorne of Covenant Real Estate Group from the seller, Zelman Development Co. The transaction was facilitated by brokers Christopher Edwards, Clayton Brown, and Ruthanne Loar of Marcus & Millichap. A10 Capital provided the financing for this acquisition.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $24,500,000
• Buyer: Jeffery A. Leonard - Alamo Group & Stephen Thorne - Covenant Real Estate Group
• Seller: Zelman Development Co
• Brokers: Christopher Edwards, Clayton Brown & Ruthanne Loar - Marcus & Millichap
• Lender: A10 Capital
• Square Footage: 120,169
• Price per Square Foot: $204

Alamo Group and Covenant Real Estate Group, with the assistance of Marcus & Millichap, successfully completed the acquisition of the Walla Walla Town Center. This strategic deal highlights the collaboration between prominent individuals and companies in the real estate industry, showcasing a significant investment in the commercial sector of Walla Walla, Washington.