27111 - 27116 168th Ave SE Covington, WA 98042

Listing agency First Western Properties, Inc. Tacoma j***@firstwesternproperties.com Show Phone

Listed by Justin Holmes · License #WA

Source Crexi

Added: Apr 10 Updated: Jul 22 at 1:09PM Checked: Jul 22 at 1:09PM

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Investment Insights

Based on property information with market context.

Covington Place is a mixed-use shopping center and office complex comprising three separate retail buildings totaling 36,529 SF and an adjacent 30,585 SF office building that is home to Covington City Hall. The retail portion totals 36,529 SF across 11 tenants, with Petco as the largest tenant at 12,485 SF, and includes multiple other named tenants such as Starbucks, AT&T, and Indigo MultiCare. The office building is 100% leased to six companies, including the City of Covington.

The property is described as having strong accessibility and visibility to Highway 18 for tenants, customers, and employees, with convenient proximity to State Route 516. Retail and office buildings are constructed with CMU block, and the office building includes signage opportunities along with a second-story with Mount Rainier views.

Key Highlights

• Nearly 100% leased Covington Place complex with 36,529 SF retail across three buildings plus an adjacent 30,585 SF office building
• Retail on 4.8 acres with 11 tenants; largest tenant is Petco at 12,485 SF
• Retail tenant mix includes long‑standing tenants and named brands such as Starbucks, AT&T, and Indigo MultiCare

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FAQs

What type of property is this?

Shopping center - Nearly fully leased complex includes three retail buildings plus an adjacent office building anchored by City Hall.

Where is this shopping center located?

The property is located at 27111 - 27116 168th Ave SE Covington, WA.

What are key features of this property?

This property features: Nearly 100% leased Covington Place complex with 36,529 SF retail across three buildings plus an adjacent 30,585 SF office building; Retail on 4.8 acres with 11 tenants; largest tenant is Petco at 12,485 SF; Retail tenant mix includes long‑standing tenants and named brands such as Starbucks, AT&T, and Indigo MultiCare