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June 20th, 2013Silverdale Mall Gets New Connecticut Owner

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by Leslie Kelly

Silverdale, WA – Starwood Capital Group, a private investment firm from Connecticut, has purchased the Kitsap Mall and some surrounding properties.

The sale was announced Thursday by Starwood and its partner company Starwood Retail Partners.

Officials of the company did not disclose terms of the sale, but records at the Kitsap County Assessor’s office indicate the mall was sold for $111 million. Papers were filed with the county and the state earlier this week.

The Macerich Company of California, a national mall developer and owner, is the seller. Macerich announced in February of this year that the mall was for sale.

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