Weingarten Realty Investors Buys 187,388 SF Covington Esplanade Shopping Center in Metro Seattle
COVINGTON, WASH. — Weingarten Realty Investors has acquired Covington Esplanade, a daily needs-focused shopping center located in Covington, a suburb 25 miles southeast of Seattle.
Situated on 15.3 acres at 27027 S.E. 185th Ave., Covington Esplanade features 187,388 square feet of retail space spread across seven separate parcels with uniform facades. At the time of sale, the property was 97.7 percent leased to a variety of tenants, including The Home Depot, Red Robin Gourmet Burgers and Brews, NorthWest Family Dental Care, IHOP, Bank of America, Verizon and Starbucks Coffee.
Nick Kassab and Bryan Ley of JLL Retail Capital Markets represented the undisclosed seller in the deal. The price was not disclosed.