Briar Development, the real estate company of the Haggen family, has sold the real estate of 15 Haggen and Top Foods grocery stores to MGP X Properties of California for $175 million, according to an article in The Seattle Times. Here’s a (link) to the story.
This is one of those transactions that means Haggen is now a tenant instead of an owner in these buildings. This won’t impact customers because each of the stores are under lease, according to Seattle’s Daily Journal of Commerce (link).
About $10 million of the sale was for undeveloped property, which included one site in Lynden, according to the DJC. The Ferndale property as well as property in Bellingham were in the deal.