What Redmond Town Center does

Redmond Town Center is an outdoor, resort-style shopping center located at 7345 164th Avenue NE in Redmond, Washington, operated as a private commercial real estate property. It is managed by Fairbourne Properties, LLC, with retail and office leasing handled through JSH Properties, Inc., and day-to-day operations led by General Manager Jennifer Gaspers. The property houses approximately 80+ tenants across categories including apparel (GAP), beauty (Bath & Body Works), food & beverage (Starbucks, Thai Ginger, Zio Sal), financial services (Fidelity Investments), eyewear (LensCrafters), healthcare (EvergreenHealth), fitness (Orangetheory Fitness), and children's education (Kids Magic Lab).

The business model is commercial real estate leasing: Redmond Town Center generates revenue by leasing retail and office space to merchants and service providers under individually negotiated lease agreements. Ancillary income streams include percentage rents, common area maintenance (CAM) reimbursements, parking, and event-driven spending. Tenant acquisition is run through JSH Properties' retail and office brokers, and the center operates no public-facing API or technology platform — its digital products are limited to a tenant directory, sales/promotions listing, events calendar, and email newsletter.

Foot traffic is driven through community events such as the Exotics Car Show (described as the largest weekly car gathering in the US), Redmond Wine Walks, the Redmond Arts Festival (~60 artist booths), soccer viewing parties, and free community fitness classes, supported by social media channels (Facebook, Twitter/X, Instagram) and a blog. Amenities include a children's park with seasonal splash pad, free parking in three lots, EV charging stations, complimentary Wi-Fi, family restrooms, a nursing lounge, and wheelchair loans. The property serves Redmond's tech-forward population, including employees of Microsoft and Nintendo, and is positioned to benefit from four light rail stations opening in 2024 in the surrounding area.

Name

Redmond Town Center

Legal name

Fairbourne Properties, LLC

Website

https://redmondtowncenter.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Redmond Town Center is a privately held outdoor shopping center in Redmond, Washington, managed by Fairbourne Properties, LLC, leasing retail, dining, fitness, healthcare, and office space to approximately 80+ tenants serving the Eastside's tech-employed population.

Ownership category

akta.pro rank

Headquarters

HQ city

Redmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Commercial Real Estate Leasing: Redmond Town Center generates revenue by leasing retail and office space to merchants and businesses. The center is managed by Fairbourne Properties, LLC, with JSH Properties handling retail and office leasing as the broker.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Redmond Town Center is a resort-style outdoor shopping center in Redmond, Washington, providing retail, dining, fitness, healthcare, hospitality, and entertainment spaces leased to approximately 80+ tenants. The property generates revenue through commercial real estate leasing and supports tenants with property management, marketing, events programming, and guest services.

Product overview

Redmond Town Center is an outdoor shopping center and resort-style retail destination in Redmond, Washington. The offering consists of a physical mall with approximately 80+ retail stores, restaurants, healthcare providers, fitness centers, beauty services, and entertainment venues, supported by an online directory website, events calendar, sales promotions platform, and tenant leasing services. The core digital products are the online tenant directory (listing all shops and services), the sales and promotions page, the events calendar, and guest services information. Amenities include a children's park with splash pad, family restrooms, nursing lounge, complimentary Wi-Fi, electric car charging stations, and free parking garages.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail and Office Leasing Services Leasing services providing retail and office space at Redmond Town Center to merchants, restaurants, healthcare providers, fitness studios, professional offices, and other businesses. Managed through JSH Properties, Inc. as the retail and office leasing broker, connecting potential tenants with available spaces in the shopping center.

Named customers10 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Fairbourne Properties, LLCcoreOthersFairbourne Properties, LLC is the property management company overseeing Redmond Town Center operations. They manage day-to-day center operations, security, guest services, and overall property administration.
• JSH Properties, Inc.coreChannel Partner/ Reseller/ DistributorJSH Properties, Inc. serves as the retail and office leasing broker for Redmond Town Center. They handle tenant acquisition for both retail and office spaces within the center. Contact: 7325 166th Ave NE, Suite F260, Main: 425.455.0500.
• Seattle UncorkedminorGTM or Marketing PartnerPartner for annual Redmond Wine Walk event, which brings wine enthusiasts to the center for tasting experiences at multiple participating wineries and tenants.
• One RedmondminorGTM or Marketing PartnerCommunity partner for Redmond Wine Walk event and other community activities at Redmond Town Center.
• Alliance of Women in Washington WineminorGTM or Marketing PartnerPartnership for 5th Anniversary Wine Walk featuring Women of Washington Wine Trail, celebrating women shaping Washington's wine industry.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Brookfield Properties: Diversified retail and office property owner/manager operating lifestyle centers and malls across North America. Comparable on operating model and asset class, though at much larger scale.
• Federal Realty Investment Trust: Public REIT focused on open-air, mixed-use shopping centers in affluent U.S. coastal markets. Closest public analog to Redmond Town Center's upscale, outdoor, mixed-use positioning.
• Macerich: Public REIT focused on U.S. regional malls and lifestyle centers. Comparable asset class and tenant relationships, though predominantly enclosed mall operator.
• Kimco Realty: Publicly traded REIT specializing in open-air shopping centers in the U.S. Highly comparable asset class and tenant mix, though at multi-property portfolio scale.
• Simon Property Group: Largest U.S. shopping center REIT, operating malls and premium outlets nationally. Comparable as a property owner/manager of retail real estate, though operates at vastly greater scale and as a publicly traded REIT.

Direct peers

• Bellevue Square: Large, premier shopping center in neighboring Bellevue, WA, serving the same Eastside Microsoft/tech-affluent catchment with a high-end retail and dining mix. Directly comparable on customer base, market, and experience-oriented positioning.
• University Village: Open-air, upscale lifestyle shopping center in Seattle, WA with a similar mix of national retail, dining, and services. Comparable on outdoor resort-style format and affluent customer base.
• Alderwood Mall: Major regional shopping center in Lynnwood, WA serving the north Seattle suburbs. Comparable as a multi-category retail destination in the same metro with similar tenant types and competitive dynamics.
• Southcenter Mall: Large enclosed regional mall in Tukwila, WA operated by Unibail-Rodamco-Westfield. Competes for the same regional shoppers and tenants, though with an enclosed format versus Redmond Town Center's outdoor layout.
• Bellevue Place: Mixed-use retail and office property in downtown Bellevue, WA with a curated retail and dining mix. Comparable on Eastside high-income customer base and experiential retail positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ShopRedmond
• Facebookfacebook.com/RedmondTownCenter
• Instagraminstagram.com/redmondtowncenter
• LinkedInlinkedin.com/company/town-center-market

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Redmond Town Center