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Seattle & Northwest  + Apartments  | 

Downtown Seattle’s 400-Unit ‘Broadstone First Hill’ Listed

A two-property multifamily development has hit the market in downtown Seattle. The developer, Phoenix-based Alliance Residential Company, has enlisted Cushman & Wakefield to handle the sales assignment for the 400-unit Broadstone First Hill asset.

The recently-delivered properties, across the street from one another, include Broadstone Saxton (pictured), located at 520 Terry Ave., and Broadstone Lexington, at 1050 James St. Situated in the prestigious First Hill neighborhood, Broadstone First Hill provides an authentic and curated living experience. In addition to the luxury apartment homes, the property offers 7,604 square feet of ground floor retail.

Cushman & Wakefield’s Marc D. Renard, Pete Shelton, Manfred Schaub, Kim Grant and Morgan Jackson will represent the developer.

Renard notes they expect to attract global investor interest in the asset. He says, “Through this offering, an investor can acquire two world-class apartment communities at an attractive cost basis in a market expected to provide superior rent growth and compelling risk-adjusted returns.”

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.

  • ◦Development
  • ◦Sale/Acquisition
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