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Cushman & Wakefield Advises Sale of Two Seattle-Area MF Assets
Cushman & Wakefield has brokered the sale of two multifamily assets on behalf of private clients in Seattle, Washington.
Situated in the Capitol Hill and Magnolia neighborhoods, each of the properties are located near downtown Seattle, South Lake Union, and Fremont. Cushman & Wakefield’s Tim McKay, Jacob Odegard, Dan Chhan, Matt Kemper, Dylan Roeter, and Byron Rosen represented the pair of sellers in the separate dispositions.
The first sale consisted of Marlene Renee Apartments, a vintage mixed-use apartment and office property in Capitol Hill. The property was acquired by BEVA 312 Harvard LLC for $5.6 million. The seller, Marlene Renee Partners LLC, had owned the property since 1985.
The second sale consisted of a six-unit apartment asset located at 4324 36th Avenue W near Discovery Park. The property was acquired by Aniso Magnolia, LLC of Washington for $1.38 million. The seller was an estate whose family built the property in the late 1970s.
