Aleut Buys South Anchorage Retail Building

A subsidiary of the Alaska Native corporation for the Aleutian Islands region is extending its reach into South Anchorage. Aleut Real Estate (ARE) acquired Huffman Commons, a commercial property at 1160 Huffman Park Drive. ARE says the acquisition is part of a broader plan to expand its commercial real estate portfolio with income-generating properties in prime locations.

New Building, Established Tenants

Huffman Commons, built in 2023, is a modern 7,116-square-foot building, separated into two retail suites, on a 40,107-square-foot lot.

“We are thrilled to welcome this property, currently home to Starbucks and Brown Jug, to our portfolio,” says ARE General Manager Mike Jenks. “These well-established businesses will remain as steady, reliable tenants in our new acquisition. We remain committed to maintaining the high standards of this property and ensuring it continues to serve the Huffman community.”

ARE is a real estate investment and management firm based in Anchorage. It is a subsidiary of The Aleut Corporation, or TAC—now known simply as Aleut—one of twelve regional corporations established under the Alaska Native Claims Settlement Act. Today, Aleut represents more than 4,200 shareholders from the Aleutian and Pribilof Island region.