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Seattle & Northwest  + Seattle  + Apartments  |  October 3, 2025
Jasmine Kilman
By: Jasmine Kilman

Mesirow Acquires Bothell MXU Apartment Complex for $177M

Mesirow, a Chicago-based real estate investment firm, has acquired a Bothell mixed-use apartment complex this week for $177 million.

The 451-unit Villas at Beardslee span four parcels that have a total tax assessment value of $184 million, reported the Puget Sound Business Journal. The transaction represents the region’s third-largest real estate deal so far this year. The seller is Holland Partner Group of Vancouver, Washington. 

The 486,000-square-foot complex is on 7.5 acres, and the five-building development includes 62,000 square feet of commercial space. The property features studio, one-, and two-bedroom floor plans with walk-in closets, modern fixtures and wood-style flooring. Villas at Beardslee is located at 19128 112th Ave NE in Bothell. The project’s commercial tenants include Beardslee Public House, Wildwood Spirits Co., Starbucks, Milan Laser Hair Removal, White Lotus, Marlowe Boutique and Livewell Animal Urgent Care.

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MesirowHolland Residential

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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