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Berkadia Completes $66M Redmond Multifamily Sale

The Bond, a 139-unit mid-rise multifamily property in Redmond, traded hands for $66 million. San Mateo, CA-based G.W. Williams Co. acquired the 2019-built property from Washington-based MainStreet Property Group LLC.

Located at 6180 E. Lake Sammamish Parkway NE, the asset features one- and two-bedroom floor plans with stainless-steel appliances and full-size washers and dryers in each unit. Community amenities include lounge areas, a dog park, a basketball court and an outdoor seating area with a firepit. The site provides convenient access to Marymoor Park and the shops and restaurants along Redmond Way.

Kirkland-based Turning Point Realty Advisors’ Matthew Balkman represented the buyer. Berkadia’s Kenny Dudunakis, David Sorensen and Ben Johnson completed the sale on behalf of the seller.

Johnson says, “The sale of The Bond represents continued confidence in the Eastside market, especially Redmond. The growth in the tech sector with key names such as Microsoft, Google, Facebook and Amazon will continue to put a focus on well located assets built by best-in-class developers.”

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Connect With G.W. Williams Co.Connect With MainStreet Property GroupConnect With Turning Point Realty Advisors' BalkmanConnect With Berkadia’s Johnson

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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