Global Firm Expands Anchorage Retail Footprint

Mark Filipenko, broker at Bond Filipenko Commercial Properties, represented the seller in the transaction. TEI was represented in-house by Ziff, Jonathan Kim, Grant Scott, and Eli Smith.

Ziff adds that Anchorage’s position as a strategic hub in the global supply chain, particularly for air cargo, continues to hold TEI’s interest. “The region fits squarely into our broader strategy of identifying markets where logistics, transportation, and trade converge to create durable long-term demand. The acquisition of 4831 Old Seward Highway strengthens our portfolio with an asset that is not only essential to local businesses but also plays a role in supporting national and international commerce,” she says.

TEI says enlarging its Anchorage portfolio is a clear signal of the firm’s long-term confidence in the strength and resilience of Alaska’s economy.

TEI holds retail, office, industrial, and residential properties in thirty-five US states as well as Canada, England, Scotland, Anguilla, Italy, Germany, and the Netherlands.

The new acquisition is currently 97 percent leased, with Treeforms the main tenant. Separate from getting a new landlord, the furniture store is closing its Wasilla location and consolidating operations in Midtown. Treeforms also opened a new store under the Nordic Spaces brand in the former Scan Home Furniture location in the Dover Center at 34th Avenue and A Street.