JLL’s Capital Markets Group facilitates groundbreaking deal in technology-focused hub near Seattle MSA
seattle, November 8, 2024 /PRNewswire/ — JLL’s Capital Markets Group today announced a successful transaction. $286 million Sale of Parkside Apartments, a 664-unit luxury community Redmond, Washington.
JLL entered into a partnership with Seller on behalf of Seller. texasThe investor group, which previously partnered with Lincoln Property Company Residential and Daiwa House Texas, raised the buyer, LakeVision Capital.
Parkside Apartments is located at 15551 NE Turing St. and is strategically located within the master-planned community of Estela Park. Located just minutes from Overlake’s East Link Light Rail Extension, SR-520, and Interstate 405, residents enjoy convenient connections to the following cities: downtown redmond, bellevue and seattle. There is plenty of shopping, technology employment, and nightlife options nearby.
redmond A thriving city located on the Eastside of the Seattle MSA, just 20 minutes from Seattle. seattle and 10 minutes later Downtown Bellevue. Known as the “Bicycle Capital of the Northwest,” it boasts extensive parks and trails. redmond is a major technology center and home to prominent technology companies. The city has excellent schools, diverse recreational opportunities, and a vibrant cultural scene, making it one of the most livable small cities in the United States.
Developed in 2021, Parkside Apartments sits on 4.5 acres and features a variety of upscale amenities, including two rooftop decks with panoramic views, a state-of-the-art fitness center, pet cleaning stations, entertainment suites, and a gaming lounge. Equipped with facilities. This four-building community ranges from five to eight floors with studio, one- and two-bedroom options, each featuring modern kitchens with quartz countertops, stainless steel appliances, and spacious rooms. Private balcony, walk-in closet, and full-size washing machine. dryer.
JLL’s capital markets investment and sales advisory team was led by a managing director david young and Corey Marks and senior director chris ross.
“Parkside Apartments embodies the vibrant, connected living experience that is so sought after in this vibrant technology region.” Jason Byrne A person who is a managing member of an investment. “We are pleased to partner with Daiwa House Texas in this community and appreciate JLL’s support in facilitating this transaction.”
JLL’s Capital Markets Group is a full-service global provider of capital solutions for real estate investors and occupiers. Our deep knowledge of local markets and global investors provides our clients with best-in-class solutions, including investment sales and advisory, debt advisory, equity advisory and recapitalization. The group has more than 3,000 capital markets professionals worldwide and offices in approximately 50 countries.
For more news, videos and research resources, visit JLL’s newsroom.
About LakeVision Capital
Founded in 2018, LakeVision Capital acquires institutional-level multifamily communities across the United States. The Bay Area, where employment is growing steadily and public transportation is easily accessible, seattleLake Vision is committed to providing the best apartment life for our residents and creating a positive impact in the communities we serve.
About JLL
For more than 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients purchase, construct, occupy, manage and manage a variety of commercial, industrial, hotel, residential and retail properties. We have supported investment. Annual revenue of Fortune 500 companies $20.8 billion With operations in more than 80 countries and more than 111,000 employees, we bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities see a brighter way forward. JLL is a brand name and registered trademark of Jones Lang LaSalle Incorporated. For more information, please visit jll.com.
Contact: Gréta Kieras, Senior Associate, Public Relations
Phone: +1 949 930 8498
Email: (email protected)
source JLL
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