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  3. Lightstone Acquires Outlet Collection Seattle in Auburn for $82 Million, Plans $10 Million Upgrade
Lightstone Acquires Outlet Collection Seattle in Auburn for $82 Million, Plans $10 Million Upgrade main photo

Lightstone Acquires Outlet Collection Seattle in Auburn for $82 Million, Plans $10 Million Upgrade

November 21, 2024

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.

Click here to view the full article.

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5 Reasons to Move To auburn, WA

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Life

Auburn, WA, offers a welcoming community atmosphere with diverse opportunities for recreation, education, and growth, making it an ideal place to live and raise a family. Known for its extensive parks, quality schools, and cultural diversity, Auburn fosters a close-knit, inclusive environment.

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Business

Auburn, WA, offers a prime location between Seattle and Tacoma with easy access to major highways, rail connections, and a market of over 4 million people, making it ideal for business growth. With competitive lease rates, flexible commercial spaces, and tailored incentives, Auburn provides an affordable and supportive environment for new and expanding companies. 

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Target Industries

Auburn, WA, is the place to grow your brand. With competitive lease rates, direct access to Sounder Transit, and a community that values unique retail, dining, craft experiences, and sustainable businesses, Auburn's vibrant downtown and accessible location make it a prime destination for regional visitors and a strategic hub for entrepreneurs looking to thrive.

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Main Street Opportunities

Downtown Auburn offers prime opportunities for businesses with diverse real estate options, strong public transit, and a steady flow of locals and visitors. Entrepreneurs can join successful Main Street establishments, creating a vibrant hub of specialty shops, dining, and community experiences that enrich Auburn’s downtown.

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Housing

Auburn, WA, is a welcoming community that appeals to young professionals and families, offering abundant opportunities to build a fulfilling life. In the heart of the Pacific Northwest, Auburn combines natural beauty with modern amenities while providing more accessible housing options than many nearby cities.

Here to Support Your Business

Jenn Francis
Economic Development Manager
Cell: (253) 553-6517
jfrancis@auburnwa.gov
 

Emerson Folker
Economic Development Coordinator
Cell: (253) 329-8539
efolker@auburnwa.gov 

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City of Auburn, WA Economic Development 1 E Main St Ste 200 Auburn, WA 98001 (253) 215-8744 jfrancis@auburnwa.gov
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