Strategic Portfolio Disposition Marks Successful Exit from Eastside Retail Asset

AGM Real Estate Group is proud to announce the successful sale of the Columbia Summit Shopping Center, located in Kennewick, Washington, for $10,000,000.

This transaction marks the final chapter in a carefully executed expansion and disposition strategy that began over 15 years ago—highlighting our long-term value creation approach through disciplined asset management, tenant repositioning, and opportunistic timing.

Deal Overview

• Property: Columbia Summit Shopping Center

• Location: Kennewick, WA

• Sale Price: $10,000,000

• Original Acquisition Price (2007): $8,075,000

• Hold Period: 15 Years

• Total Portfolio Footprint: 200,000 SF on 10+ acres (including adjacent Eastside retail centers)

The Story Behind the Sale

Columbia Summit was originally acquired in 2007 as part of AGM’s broader Eastside Washington retail strategy. Since then, the shopping center has delivered consistent cash flow and long-term stability within AGM's income portfolio.

In the years that followed, AGM’s syndication team strategically expanded holdings in the region, acquiring two additional mixed-use and retail centers east of the Cascades. Through targeted repositioning, AGM secured tenancy with a mix of high-performing national and regional tenants—including:

• Planet Fitness

• Dutch Bros. Coffee

• Honey Baked Ham

• ColorTile

Capital improvements to the centers further enhanced asset value, while stable leasing demand reinforced the decision to begin a portfolio disposition process.

With market conditions aligning and tenancy stabilized, AGM moved forward with the sale of Columbia Summit, capturing full lifecycle value on a 15-year hold.

Why This Matters

This successful disposition demonstrates AGM’s ability to:

• Execute Long-Term Investment Strategies

• Enhance Asset Value Through Re-Tenancy and Improvements

• Time Portfolio Sales to Optimize Returns

• Deploy Capital into Higher-Yield or Strategic Market Opportunities

It also reflects our broader commitment to disciplined portfolio management—balancing income-producing stability with repositioning and reinvestment cycles that unlock equity and maximize investor outcomes.