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SLOAN CAPITAL: STUART SLOAN, MATT GRIFFIN TO PURCHASE UNIVERSITY VILLAGE

 SEATTLE, April 19 /PRNewswire/ -- Local businessmen Stuart Sloan and Matt Griffin signed last Friday an agreement to purchase the University Village Shopping Center, the 23.9-acre retail center located just east of the University of Washington campus and north of the Montlake Cut, Sloan Capital Cos. announced today.
 The seller is University Village Inc., a Washington corporation, owned by The Tektronix Master Retirement Trust of Tektronix Inc. (NYSE: TEK). The firm is a leading manufacturer of electronic products and systems, headquartered in Wilsonville, Ore. The purchase price was not disclosed.
 Sloan and Griffin have been partners in other business ventures over the past five years. Sloan currently is chairman and chief executive officer of Quality Food Centers Inc. (QFC) (NASDAQ: QFCI). Both were involved at Egghead over the last four years. Griffin also spent 10 years as a partner in Wright Runstad & Co., a Seattle-based real estate developer.
 Sloan commented, "University Village has operated for over 35 years with a strong group of stores serving great neighborhoods. We have two primary objectives in pursuing the center. One is to ensure a great location for QFC. The center and QFC will pursue a plan for the best use of their adjoining properties. This will include the right location and configuration of the QFC store to provide the best products and services for its customers. The other is as an investment."
 QFC has operated a store in University Village for 30 years and purchased the Foremost Dairy site, 8.8 acres immediately east of University Village, in September 1991.
 The University Village purchase agreement is subject to certain conditions, including satisfactory due diligence by the buyers. Sloan and Griffin have assembled a team of advisors that will start the due diligence process immediately. They expect the transaction to close this summer.
 The seller, University Village Inc., is advised in the process by Colliers Macaulay Nicolls International.
 University Village houses about 70 stores and restaurants, totaling approximately 320,000 square feet. In addition to QFC, are such major tenants as Lamonts, Ernst Home Center, and Bartell Drugstore, and a variety of smaller operations such as Pasta & Co., Miller-Pollard, Fiorini Sports and branches of local financial institutions. The first phase of University Village was developed in 1956, and the center has been expanded several times since then.
 -0- 4/19/93
 /CONTACT: Matt Griffin of Sloan Capital, 206-340-1818/
 (TEK QFCI)


CO: Sloan Capital Cos.; University Village Inc.; The Tektronix Master
 Retirement Trust; Tektronix Inc.;
 Quality Food Centers Inc. ST: Washington IN: REA SU: TNM


LM-AL -- SE010 -- 7500 04/19/93 14:45 EDT
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Publication:PR Newswire
Date:Apr 19, 1993
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