Bonney Lake parcel that includes Panera Bread sold to out-of-state entities
AI-generated summary reviewed by our newsroom.
- Two newly built Bonney Lake retail buildings have sold for $9.2 million.
- Out-of-state LLCs bought the two-building parcel at 20502 98th St. E.
- The 2025-built buildings house four tenants, including Panera Bread.
Two newly built Bonney Lake retail buildings have sold.
In a sale recorded June 5, two out-of-state LLCs purchased a two-building retail parcel at 20502 98th St. E., for $9.2 million. The first one, 215 Properties LLC, appears to be the majority owner with NALA Properties LLC listed as secondary.
Both entities appear to be affiliated with Florida-based real estate investment firms, according to online business profiles, although a California address is listed on county sales documents.
The parcel, part of the Mountain View Marketplace retail center development, is between the Bonney Lake Costco and Fred Meyer along state Route 410, and next to Chipotle Mexican Grill.
The buildings have four tenants, including Panera Bread, and were constructed in 2025. The News Tribune first reported on the lot’s planned development in 2024.
The seller was an LLC affiliated with OneCorp Global of Florida, who purchased the site from an LLC affiliated with the Visconsi Companies of Cleveland in February 2025 for $1.85 million.
Visconsi has worked to develop other East Pierce County retail sites, including Canyon View Village Center at Tehaleh and Frederickson Landing, 17200 Canyon Road E.
The sale came in just under the asking price of $9.57 million.
