Phillips Edison & Company Acquires Renton Highlands Shopping Center For $15.8 Million

The property asset involved in the transaction is a retail property located at 4110 Northeast 4th Street & 4250 Northeast 4th Street in Renton, WA. The total sale price for the property was $15,800,000, and it encompasses a square footage of 54,264. The property is 82% leased and situated near Seattle.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,800,000
• Address: 4110 Northeast 4th Street & 4250 Northeast 4th Street
• Market: Renton, WA
• Square Footage: 54,264
• Price Per Square Foot: $291
• Buyer: Phillips Edison & Company
• Brokers: Billy Sleeth, Kevin Lemond & Mattie Tonseth - Newmark

Newmark Retail Capital Markets was responsible for arranging the sale of the Renton Highlands Shopping Center to Phillips Edison & Company. The deal involved key brokerage representatives who facilitated the transaction, ensuring a successful closing on April 23, 2026.