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Kelsey Creek Center

14825-15063 Main Street | Bellevue, WA Kelsey Creek Center is a national-scale neighborhood anchored by Washington sate’s first Walmart Neighborhood Market (64,000 square feet) and LA Fitness (50,000 square feet).

Originally built in 1969 as a Kmart Shopping Center, Kelsey Creek Center had long been hindered from attaining its full potential due to environmental restrictions imposed by the city. Through years of hard work, perseverance and significant environmental improvements to the surrounding lake and green-belt, Kelsey Creek Center was allowed to redevelop the property, filling the 10-year vacant Kmart with Walmart and LA Fitness, and revitalizing the entire center along with the addition of new retail buildings.

Kelsey Creek Center is located in Bellevue, WA approximately 10 minutes from Seattle and is a booming and densely populated suburb. The property sits on the major arterial (148th Avenue) that connects the two major east/west freeways, a top-rated junior college, the Microsoft world headquarters, and an abundance of residential homes.
 
SpaceSizePrice
Pad Building1,637$50.00-$55.00/sf, NNN
Property Flyer PDF
Property Type
Retail, Office
PMF Investment Roles
Ownership, Development, Management, Brokerage
Acquired Date
1988
Redeveloped/Renovated
2011
Gross Leasable Area
203,544 SF
Land Area
704,693 SF
Year Built
1969
Major Tenants
Walmart Neighborhood Market, LA Fitness, Starbucks, Wells Fargo, AutoZone
Avg. Household Income
1 mi: $72,050
2 mi: $77,928
3 mi: $105,664
Population
1 mi: 20,902
2 mi: 52,029
3 mi: 213,662