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Green Leaf Pays $48.5M for Seattle Multifamily Property, JLL Arranges Deal

Green Leaf Pays $48.5M for Seattle Multifamily Property

JLL Capital Markets has closed the sale of Broadstone Sky, a 151-unit, mid-rise apartment community in Seattle. Green Leaf Capital Partners acquired the asset from an undisclosed seller for a reported $48.5 million. The property benefits from proximity to downtown Seattle and South Lake Union employment centers, and is near the future Alaska Junction Light Rail Station, part of the West Seattle Link expansion opening in 2032.

Located on 40th Ave. SW, Broadstone Sky is comprised of one- and two-bedroom units averaging just over 700 square feet. The residences feature quartz countertops, stainless steel appliances, oversized windows and vinyl plank flooring. Community amenities include a fitness center, rooftop deck, resident lounge and an on-site coffee and wine shop.

The JLL Capital Markets Investment Sales and Advisory Team was led by Senior Managing Directors David Young and Corey Marx, Senior Directors Chris Ross and Jordan Louie and Director Michael Lyford.


Inside The Story

Green Leaf Capital PartnersJLL Seattle

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.