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Distinction of Largest Multifamily Deal Since 2013 Goes to Hyde Square
Representing the largest apartment deal in the Bellevue area since 2013, Hyde Square, a 618-unit garden-style multifamily property, recently sold to Illinois-based DWS, RREEF Management LLC for $279.1 million. And, this was the largest single-asset podium building ever sold in Washington State.
Kenny Dudunakis, David Sorensen, Ben Johnson and George Pallis of Berkadia’s Seattle office completed the sale on behalf of the buyer. The seller was an undisclosed entity.
“Hyde Square is a trophy asset built by a best-in-class developer. Its location between the Microsoft campus and the rapidly growing Facebook offices in the Spring District, not to mention its proximity to light rail and the amenities of downtown Bellevue and Redmond, make Hyde Square arguably one of the most attractive properties in the Pacific Northwest,” said Sorensen.
Built in 2019 at 2030 155th Place NE, the property has access to Bellevue College, Lake Washington Institute of Technology, and the dining and shopping available along NE 24th Street.
For comments, questions or concerns, please contact Lisa Brown
- ◦Sale/Acquisition
