Familiar Tacoma shopping center anchored by Fred Meyer sells to Bellevue investor
A well-known shopping center just west of state Route 16 in Tacoma has traded hands.
James Center, 6901 S. 19th St., has sold for $36.75 million to an LLC affiliated with Rosen Harbottle, a commercial real estate firm in Bellevue.
The seller, an LLC affiliated with Vestar of Phoenix that specializes in acquiring, managing and developing retail centers, purchased the site in January 2016 for $31.4 million, according to county records on file.
Vestar had already taken down its James Center online page Friday but appears to have marketed the center via Newmark last year, touting the site’s anchors, Fred Meyer and Bartell Drugs, and noting the site’s IHOP $1.2 million in sales in 2023. It listed the site with 97 percent occupancy.
The brochure also touted the James Center North Aviva Crossing project, a project involving both Tacoma Housing Authority and Koz Development. The brochure noted the residential/commercial addition would bring “added consumer draw and new pedestrian and vehicular traffic to the center.”
Rosen Harbottle’s website does list James Center among its properties and notes there is one space available for leasing.
The firm also owns Tacoma Place shopping center, 1901 S. 72nd St., anchored by Winco and overlooking Interstate 5, and Cedar Plaza, 3635-3680 S. Cedar St.
The sale was recorded March 12, and first reported by The Registry real estate website.
