A shopping center that’s been home to the Spanaway Goodwill store sold this month for millions and is set to see upgrades, including a new grocery store.
The property, referred to in marketing materials as both Spanaway Plaza and the Spanaway Goodwill Center, 14906 Pacific Ave. S. in the Parkland-Spanaway area, sold for $10 million in a transaction recorded Dec. 17.
The center is close to the Sprinker Recreation Center, Spanaway Park/Lake Spanaway Golf Course.
The seller was Goodwill of the Olympics & Rainier Region. The buyer was an LLC affiliated with SimonCRE, a national commercial real estate acquisition and development company based in Scottsdale, Arizona.
The site dates back to 1974, with upgrades made in 1992, according to county records. Current tenants besides Goodwill are Dollar Tree and O’Reilly Auto Parts, among others.
Joshua Simon is founder and CEO of SimonCRE. He told The News Tribune in response to questions via email, “Goodwill at least for the short term will remain a tenant as we work through or redevelopment plan.”