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Greystar Zig’s into Seattle’s First Hill
South Carolina-based Greystar Real Estate Partners, LLC acquired Zig Apartments, a new, 170-unit, core asset in Seattle from Intracorp for a reported $68.5 million. Located in the prestigious First Hill neighborhood, the seven-story property also includes 5,018 square feet of retail space.
Completed in the summer of 2017 with a full amenity package and luxury finishes, the asset is located at 550 Broadway. It offers Class A living with immediate access to the city’s burgeoning tech hub and a vibrant mix of shopping, dining and entertainment options.
Greystar’s Kevin Kaberna says, “Zig Apartments offers Greystar a rare opportunity to acquire a best-in-class multifamily asset in the strategic gateway market of Seattle. The property will greatly benefit from the city’s robust employment growth and resulting positive rental trends.”
Seattle-based developer Intracorp was represented in the transaction by JLL, and Los Angeles-based Resmark Apartment Living.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


