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6/17/16
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Create World America has acquired a 14.4k sf, high-rise development site located at 427 9th Avenue North in Seattle for $16.25 mil. The South Lake Union site is site is fully entitled for a 26-story, high-rise residential development.
Prior to the sale, Wilshire Capital Partners had a Master Use permit and building permit ready for deployment. The off-market sale closed in 23 days.
Kidder Mathews China Services brokers Dave Speers and Skip Whitney represented the seller, Wilshire Capital Partners, a private real estate investment and development firm. Holly Yang and Sophia Wong, also with Kidder Mathews China Services, represented Create World America, an international developer and construction management firm.
“This will be the first high-rise residential project in the South Lake Union technology hub,” noted Speers.
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