Northmarq brokers sale of Ellingson Crossing strip center in Auburn, WA

Ellingson Crossing
retail strip center

AUBURN, Wash. Sean Tufts, Kevin Adatto and Joe Dugoni of Northmarq’s Pacific Northwest Commercial Investment Sales team arranged the sale of Ellingson Crossing, a fully occupied 15,270-square-foot retail center in Auburn, Washington.

Anchored by Starbucks and shadow-anchored by Safeway, the high-visibility strip center sits at the signalized intersection of A Street and Ellingson Road, which sees more than 30,000 vehicles per day.

Built in 2007, the property benefits from strong tenant performance, long-term leases, and proximity to White River Junction — the only grocery-anchored center within a two-mile radius.

Northmarq represented the private local seller in the transaction. The buyer was publicly traded Curbline Properties.

“The sale of Ellingson demonstrates the growing trend of institutional ownership’s entry into the formerly private market of unanchored retail center ownership and management,”  said Tufts. “For centers that check all of the institutional boxes, pricing is incredibly healthy in the current environment.”

The tenant mix includes nationally recognized brands such as Wingstop and Domino’s, alongside well-established regional operators including a chiropractor, nail salon and day spa. The property’s service-oriented lineup is well-aligned with local demand drivers and surrounding employment hubs.

Located within the Auburn/Kent Valley Industrial District, the second-largest industrial hub on the West Coast, the property benefits from significant daytime traffic and economic stability. The area is home to more than 50,000 manufacturing jobs, including major employers such as Boeing, Blue Origin, Amazon and Safeway.

About Northmarq 
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.