CBRE Arranges $53M Sale of Townhome Community in Lacey

CBRE has arranged the $53 million sale of Chambers Reserve, a 125-unit townhome community in Lacey.

CBRE’s Jordan Louie, Eli Hanacek, Kyle Yamamoto and Natalie Kasper represented the seller in the transaction. “Chambers Reserve offered investors a unique opportunity to acquire a newly constructed built-to-rent community in the growing Puget Sound region,” said Louie. “The property’s expansive floor plans, thoughtful amenities and proximity to several major employment centers were major factors in creating strong investor interest.”

Chambers Reserve is located at 3725 Wildspitz St. SE on an 8.33-acre site near Interstate 5, providing access to Olympia, Tacoma and the broader Puget Sound region. Built in 2023, the property includes 23 townhome buildings and features a mix of three- and four-bedroom floor plans with an average unit size of 1,736 square feet. Community and unit amenities include two-car garages, private decks, air conditioning, quartz countertops, stainless steel appliances, a 24-hour fitness center, a seasonal swimming pool and a clubhouse.