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Seattle & Northwest  + Washington  + Apartments  | 

Legacy, Resmark Divest Mercer Island MF

Foster City, CA-based Legacy Partners, in partnership with Los Angeles-based Resmark Apartment Living, sold Hadley Apartments, a 209-unit, 160,000-square-foot apartment community in Mercer Island, WA. The community, which is more than 90% leased, was purchased for an undisclosed amount by Northern California-based SyRES Properties.

Legacy Partners’ Kerry Nicholson says, “The very strong interest in the property, which is situated on a ground lease, represents the high quality of the asset and the fact that the island’s extremely high barriers to entry result in no other projects coming up behind us – a rarity in any submarket.”

The five-story property at 2601 76th Ave. SE features 9,200 square feet of ground floor retailers, including Mioposto Pizzeria and Bar, Orangetheory Fitness and Freshy’s Local Market. Legacy, which has 2,125 units in 10 communities under management in the Pacific Northwest Region, will retain property management of the Hadley.

JLL handled the transaction.


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Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.