Woodmont Place Shopping Center
Woodmont Shopping Center was originally acquired by an investment group in 2005. Rainier Pacific purchased a majority share of the project in 2009 when vacancy was over 50% due to an abandonment by anchor tenant Albertsons. Within two years, the property stabilized to over 90% occupancy. Conveniently located along Pacific Highway South, the property will benefit long term from the south extension phase of Sound Transit's light rail project.