Aleut Real Estate, LLC (ARE), an emerging player in the Alaska real estate market, is pleased to announce the successful acquisition of Huffman Commons, a premier commercial property located at 1160 Huffman Park Dr. in Anchorage. This strategic acquisition further solidifies ARE’s commitment to expanding its portfolio with high-quality, income-generating properties in prime locations.
Huffman Commons, constructed in 2023, is a modern 7,116-square-foot building, separated into two retail suites. The building is occupied by two well-established businesses: Starbucks and Brown Jug. Both businesses have a longstanding presence in the Anchorage community, with Starbucks known for its premium coffee and welcoming atmosphere, and Brown Jug recognized as a leading retailer of wines, spirits, and beers.
Boasting a 40,107-square-foot lot, this newly acquired property is located in the highly sought-after Huffman area. The property’s strategic position near other retail stores and its modern design makes it an ideal location for both tenants and investors, aligning with ARE’s strategy to invest in properties with strong growth potential and long-term value. This acquisition is part of ARE’s broader vision to enhance its presence in the Anchorage market, contributing to the local economy while delivering long-term value to its investors.
“We are thrilled to welcome this property, currently home to Starbucks and Brown Jug, to our portfolio,” said Mike Jenks, General Manager of Aleut Real Estate.
“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.”
About Aleut Real Estate
Aleut Real Estate is a real estate investment and management firm based in Anchorage, Alaska. Specializing in the acquisition, management, and development of high-quality properties, ARE is committed to delivering value to its investors and contributing to the communities it serves. For more information, please visit aleutrealestate.com.
About Aleut
Aleut Real Estate is a subsidiary of Aleut, founded on June 21, 1972 as one of the 12 Alaska Native regional corporations established under the Alaska Native Claims Settlement Act. Today, Aleut proudly represents over 4,200 Alaska Native shareholders from the Aleutian and Pribilof Island region of Alaska.
View this article on LinkedIn, or read about ARE’s acquisition on Alaska Business Monthly.
