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Seattle & Northwest  + Apartments  | 

Continental Re-Claims Trophy Tower in Seattle for $216M

Bellevue-based Continental Properties acquired Met Tower, a trophy 366-unit, high-rise multi-housing building located in Seattle from Westlake Tower Associates for $216.1 million. The asset is located at 1942 Westlake Ave. in the epicenter of the burgeoning technology industry in the South Lake Union and nearby Belltown neighborhoods.

JLL’s Ira Virden, Christopher Ross and Matthew Lawton marketed the property exclusively on behalf of the unnamed seller, and procured the buyer. The property was sold free and clear of existing financing. The seller reportedly was an entity now associated with CBRE Global Investors and UAE investors. Continental Properties was the original developer of the property in 2001.

The transit-oriented property is near Washington State Convention Center, Pike Place Market, the Seattle Waterfront, Seattle Center, Westlake Center and Denny Park, as well as the SLU Streetcar and Westlake Station Transit Center.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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