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.