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The Swig Company Buys New Beacon Hill Apartments, Kidder Mathews Arranges Deal

The Swig Company Purchases Newly-Built Beacon Hill MultiFam

The Swig Company has acquired its first residential community in the Pacific Northwest, partnering with RISE Properties Trust in purchasing the 139-unit, newly-constructed Colina Apartments in the Beacon Hill neighborhood of Seattle. Kidder Mathews’ Simon and Anderson team represented the seller in the $65.5 million transaction.

Located at 2709 17th Ave. S, the transit-oriented, LEED Gold, six-story multifamily community offers studio, one- and two-bedroom units with touch-free entry, high ceilings, abundant natural light and hardwood-style flooring.

“We’ve been looking for the right residential property to add to our portfolio, and we’re very happy to have the opportunity to acquire Colina. The community is in a great neighborhood, was thoughtfully designed and developed with an eye on sustainability,” said The Swig Company’s Stephanie Ting.

The property features a green roof and solar panels which supplies hot water to the residences. There is also 4,200 square feet of ground floor retail which is fully leased.


Inside The Story

The Swig CompanyRISE Properties TrustKidder's Simon & Anderson TeamColina Apartments

About Mark Nieto

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.

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