August 11th will mark a year since the opening of the new Admiral Safeway at 2622 California SW. But the anniversary will be marked under new ownership for the property.
County records confirm a sale first reported by the Daily Journal of Commerce: Safeway sold it last week for $30,710,000, to an LLC called SVF Admiral Safeway Seattle, an entity of Southern California-based American Realty Advisors. That firm, we noticed during research, is also the new owner of the Link (4550 38th SW, sold in March for $62 million) and Mural (4727 42nd SW, sold in March for $42 million) mixed-use buildings in West Seattle, both developed by Harbor Properties and sold after its merger (we reported the sale plans but not final word on the buyer).
As best we can tell from the online paperwork regarding the Admiral Safeway deal, it includes the store and the retail building on the northwest side of its parking lot; the deed mentions the tenancy rights of Safeway, Menchie’s, and Umpqua Bank (WSB sponsor), the three businesses currently in place (with additional space still vacant in that smaller building). We have inquiries out to both Safeway and American Realty Advisors for more information, and will add anything more that we learn.
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