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Esterra Park Apartments Near Microsoft Sell for $286M
JLL closed the $286 million sale of Parkside Apartments, a 664-unit luxury community in Redmond, Washington.
JLL worked on behalf of the seller, a partnership between a Texas-based group of investors previously associated with Lincoln Property Company Residential and Daiwa House Texas, and procured the buyer, Lakevision Capital.
JLL’s Capital Markets Investment and Sales Advisory team was led by Senior Managing Directors David Young and Corey Marx and Senior Director Chris Ross.
Parkside Apartments, located at 15551 NE Turing St., is strategically situated within the Esterra Park master-planned community near Microsoft Corp. Developed in 2021, Parkside Apartments spans 4.5 acres and offers an array of upscale amenities. The four-building community ranges from five- to eight floors and provides studios, one- and two-bedroom options.
“Parkside Apartments exemplifies the vibrant, well-connected living experience that is highly sought after in this thriving tech region,” said Jason Byrne, who is managing member for the investment.
