Home Investing With Us Properties Arbor Hills Apartments Avia Apartments Bella Vista Apartments The Boulders Canyon River Ranch The Enclave Kent Business Center La Plaza Midway Lakewood Cinema Plaza Lexington Apartments Nob Hill Seattle Tower University Park University Place University Plaza Advisory Services About Us Contact Us		La Plaza Midway 23201–23325 Pacific Highway S. Kent, WA 98032 78,217 sf shopping center Strategy: Reposition Acquired: May 2006 Status: Own   Investment Highlights Trinity acquired La Plaza Midway (formerly “Midway Crossing”) in a joint venture with Morgan Stanley Investors. The opportunity was an off-market acquisition that resulted from a broker relationship of Trinity’s active in the retail property investment market. One year prior to Trinity’s acquisition, the grocery anchor of the center had vacated a 33,650 sf space, providing for the opportunity to purchase the property below replacement cost, and re-lease the vacancy at market rents. The majority of the former anchor space was released to Goodwill, producing an effective customer draw to the center. Located on Highway 99, a primary arterial of the Puget Sound Region, and leased to tenants including Starbuck’s, Blockbuster, and Subway, the center provides a diverse core offering of retailers to serve the growing South King County market.
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