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REA
June 12, 2019  

ON THE MARKET

RETAIL:Property: Covington Esplanade, 27027 185th Avenue SE, Covington, Wash.Size: 187,000 sf, 97.7% leasedEstimated value: $38 million, Yield: 6.15%Owner: Clarion Partners, New YorkBroker: HFFColor: Shopping center in suburban Seattle. Weighted average remaining lease term: 9.1 years. Anchor Home Depot leases 131,000 sf, or 70% of space. Other tenants include Red Robin and IHOP. Within 3 miles, there are 51,000 residents with an average...


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