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Kidder Mathews arranged the $50.2-million sale of Bella on Canyon, an apartment complex in Puyallup, WA

Kidder Mathews Closes Deal for Puyallup Multifamily 

Bella on Canyon, a 140-unit apartment community in Puyallup, WA, has sold for $50.2 million. Kidder Mathews’ Bruce Peart and Arielle Dorman, along with Thad Berg from Windermere Chambers Bay, represented the buyer and seller. The seller was SEB, Inc., a Washington multifamily development company. 

The property is located at 5402 141st St. East. It was built in 2012 by SEB and is currently 98% occupied. It’s a fully gated complex that includes a mix of studio, one-, two-, and three-bedroom apartments. 

Bella on Canyon is located less than 4.5 miles from South Hill Costco and South Hill Mall, the major retail destination in the area with tenants including Target, Dick’s Sporting Goods, Macy’s, Old Navy, Olive Garden, and Regal Cinemas. 

“SEB has a 30-year-plus track record of developing quality assets that align with market demands,” said Peart. 

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Inside The Story

Kidder Mathews' PeartWindermere's Berg

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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