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The Lightstone Group has purchased The Outlet Collection Seattle, a 919,446-square-foot shopping center in Auburn, Wash., for $82 million. Washington Prime Group sold the regional retail destination in a transaction brokered by CBRE.

Lightstone intends to invest $10 million in capital improvements and tenant upgrades, as reported by Shopping Center Business. FFO Real Estate Advisors will oversee outlet leasing, while Spinoso Real Estate Group will handle leasing for big-box stores and mall tenants.