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Seattle & Northwest  + Finance  | 

Sack Snags Woodinville MF in $46M Off-Market Deal

San Francisco-based Sack Properties acquired Chateau Woods, a 114-unit apartment community in Woodinville from BPM Real Estate Group for $45.75 million. The Eastside asset at 18250 142nd Ave. NE is adjacent to the region’s technology hubs of Bellevue, Redmond, Kirkland and Seattle and employers such as Amazon, Microsoft, Google and Facebook.

Sack Properties’ Kirby Sack says, “Chateau Woods fits perfectly into our long-term portfolio of suburban multifamily properties. Typically, our assets are of older vintage, but here we were able to uncover opportunity in a 2008 asset.”

The property is an Energy Star Certified condo-quality asset, with a unit mix that includes 59 one-bedroom units, and 55 two-bedroom units. The elevator-served community features a resident clubhouse, a 24-hour fitness center, bike storage, and outdoor courtyards with dining and barbeque areas.

Institutional Property Advisors’ (IPA) Giovanni Napoli, Philip Assouad, Ryan Dinius and Sidney Warsinske represented the buyer. JLL Capital Markets’ Charles Halladay, Peter Smyslowski, Chris Gandy and Matt Cimino handled the acquisition financing.

For comments, questions or concerns, please contact Dennis Kaiser

Read More News Stories About: Amazon, Google, Microsoft
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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
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