 However, after low sales, Six Flags sold the park in April 2007 to Parc Management LLC of Jacksonville, Florida, for $31.75 million.Federal Way is locally identified by its 1990s semi-urban development, characterized by landscaped off-street multi-structure apartment complexes and shopping centers.The Commons at Federal Way, the city's only indoor shopping mall, is located on South 320th Street and Pacific Highway South (State Route 99) near the city's main Interstate 5 exit.