Lee & Associates Brokers $17M Capitol Hill Portfolio Sale
Real estate firm Lee & Associates has brokered the sale of The Thomas Park Portfolio, a four-building property located in the Capitol Hill neighborhood of Seattle. Northgrove Associates purchased the asset from The Weisenbach Properties for $17 million.
The Thomas Park Portfolio is comprised of 53 apartments, one office and two retail spaces. The Lee & Associates team of Candice Chevaillier, Daniel Lim, Dea Sumantri and Chris Larsen brokered the sale for Seller and Buyer. It’s the first time the portfolio has sold in 46 years.
According to the firm, the purchase was a special opportunity because the neighborhood is a connected urban community with synergy between residents and businesses, Thomas Street Market, Analog Coffee and b-side foods. “We look forward to seeing this important part of Capitol Hill continue to provide a pure sense of place to the surrounding residents,” said Chevaillier in a news release.
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.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!