Lightstone Acquires Outlet Collection Seattle in Auburn for $82 Million, Plans $10 Million Upgrade
21 Nov 2024
Local News
Lightstone, a private real estate investment firm with over $9 billion in assets under management, has acquired The Outlet Collection Seattle in Auburn from Washington Prime Group for $82 million.
The enclosed outlet mall, spanning 920,000 square feet, is located in Auburn and is currently operating at 98% occupancy.
Lightstone plans to invest more than $10 million in capital improvements and tenant upgrades for the property, with the aim of enhancing the shopping experience, attracting premium tenants, and addressing deferred maintenance.
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