Valley North Center sells, CII named Manager

We are pleased to announce that, conclusive to a recent sale, Center Investments, Inc. has once again been selected to manage and lease the Valley North Center shopping center in Wenatchee.  This very well located, highly successful, 270,000 sf shopping center is the largest in Wenatchee featuring Target, JC Penney, Old Navy, Rite Aid, Pier 1, Red Robin, Applebees and several others.   

CII previously managed and leased this center in the late 90’s and early 2000’s when owned by Center Oak Properties. We participated in converting what was a small, struggling enclosed mall to what it is today – the most desired non-mall venue in the region. After it was redeveloped the center sold to a California investor – that was some 10 years ago. It has just now sold again to an owner [Valley North Center, LLC] headquartered in San Diego, CA.

The Valley North Center is currently 99% occupied and 100% leased – which has been the case since it was redeveloped 12 years ago. We met the new purchaser of this property 6 months ago, we have been working and waiting in anticipation of the sale closing and are very excited to now be returning as manager of this very successful center.

- Dan