Seattle, WA
CBRE Arranged the Sale of Lacey Marketplace to Two Buyers
September 8, 2025
Media Contact
Sr Corp Communications Manager
CBRE arranged the sale of Lacey Marketplace to two buyers, Curbline Properties and Agree Realty. The 125,204-square-foot power shopping center is fully leased. CBRE’s Dino Christophilis and Daniel Tibeau represented the seller.
Curbline Properties acquired the 31,885-square-foot strip retail component located at 1350 Marvin Rd NE in Lacey. The tenant mix features Panera Bread, Mattress Firm, BECU, Verizon, Cutter’s Point Coffee, Panda Express, and a variety of other prominent food, beverage, and service retailers.
Agree Realty purchased the 93,319-square-foot big box component located at 1200 Marvin Rd NE in Lacey for $21,000,000. Tenants include Boot Barn, La-Z-Boy, Petco, Ross Dress for Less and Ulta Beauty, among others.
“Lacey Marketplace is a trophy asset and the undisputed leader in the marketplace, located adjacent to a high-performing Costco and Home Depot. The tenants are among the most productive in the region. Only a handful of tenants have turned over since the property was developed in 2006, a testament to the strength of the submarket and dominant position of the property,” said Christophilis, senior vice president at CBRE.
Lacey Marketplace is the leading shopping center in the Lacey metro area based on foot traffic. Lacey is also one of the fastest-growing communities in the Puget Sound region.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
About Curbline Properties
Curbline Properties Corp. (NYSE: CURB) is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. Additional information about Curbline is available at www.curbline.com.