Berkadia Completes Sale, Secures Financing for Multifamily Property in Tukwila

Berkadia has completed the sale of Foster Creek, a 179-unit garden-style multifamily property in Tukwila, Washington. Located at 15110 Macadam Rd S, the property affords convenient access to the Link Light Rail Station and Westfield Southcenter Mall.

Managing Directors Benjamin Johnson and David Sorensen, Director George Pallis, Associate Director Peter Dudunakis, along with Senior Managing Director Kenny Dudunakis of Berkadia Seattle, led the transaction on behalf of the seller, California-based Investors Management Group. Senior Managing Director Tim Leonhard and Managing Director Chris Crump of Berkadia Dallas secured the acquisition financing on behalf of the buyer.

“We are excited to announce the successful sale of Foster Creek in Tukwila, Washington, highlighting the strong demand for quality housing in the Seattle metropolitan area,” said Johnson. “Ideally located near the Link Light Rail and Southcenter Mall, Foster Creek offers unmatched convenience and accessibility.”