Treeforms Furniture Gallery is remaining at 4831 Old Seward Highway under a new landlord.
The owner of the Amazon shipping hub in Anchorage is extending its footprint a little ways up Old Seward Highway. New York-based Time Equities, Inc. (TEI) purchased the 102,366-square-foot building fronted by Treeforms Furniture Gallery at 4831 Old Seward Highway for $13.75 million.
The property is the firm’s fifth in Anchorage. The company also owns the Midtown Mall (formerly the Mall at Sears), which it purchased in 2022 along with the Dowling Road warehouse that it leases to Amazon. Last year, TEI bought a warehouse at 501 West 58th Avenue from Chugach Alaska and leases it back to the Alaska Native regional corporation. An industrial building on Wrangell Street near East Third Avenue and Reeve Boulevard is also in the TEI portfolio…