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October 18, 2019
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MULTIFAMILY NEWS
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TOD Development Site in Seattle Fetches $17.3 Mil

5/29/19

A 24.2k sf, transit-oriented development site in Seattle’s University District, has sold for $17.26 mil. The buyer is a developer of multifamily properties that plans to develop a mixed-use, high-rise building that will include 200+ apartment units.

The site is made up of three parcels at 4212 Roosevelt Way NE, 1006 NE 42nd Street, and 4211 11th
Ave NE. It is located only three blocks from the future University District Light Rail station.

Holly Yang, CCIM, and Michael Yeh with Kidder Mathews represented the buyer, a private real estate fund, in the transaction. The seller was repped by Ken Hirata and Jeff Loftus, also with Kidder Mathews, along with Giovanni Napoli and Philip Assouad with IPA.





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