✉news BusinessRetail first seen 13 h ago, last 52 min ago, peak #3
Principal buys $56M Sammamish retail-residential property
Original: Principal pays over $56M for Sammamish retail/residential combo
Investment firm Principal has paid more than $56 million for a combined retail and residential property in Sammamish, Washington, according to the Seattle Daily Journal of Commerce. The deal underscores continued investor interest in mixed-use real estate across the Seattle area's eastern suburbs, where well-located retail with housing above has drawn institutional buyers.
Why now: A large institutional real estate purchase in the Seattle region is of local market interest.
Evidence
- Principal pays over $56M for Sammamish retail/residential combo · Seattle DJC.com
- Principal pays over $56M for Sammamish retail/residential combo · Seattle DJC.com
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