Klahanie Shopping Center is sold for $22 million

November 8, 2011

By Staff

The commercial hub in Klahanie, the namesake Klahanie Shopping Center, sold last week for $22 million.

Seattle-based Hogate Properties sold the shopping center to Gerrity Group, a company based in Solana Beach, Calif.

QFC anchors the 49,000-square-foot shopping center, the commercial hub for the Klahanie community in unincorporated King County. Other tenants at the shopping center include a fitness center, restaurants and a bank branch.

The sale is among the largest real estate transactions in Issaquah area in the past year.

In July, Preston-based apparel company SanMar purchased a glass-sheathed office building as a corporate headquarters for $32 million. In September, Hawaii-based A&B Properties Inc. acquired the Siemens Building along East Lake Sammamish Parkway Southeast for $19.7 million.

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