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Seattle & Northwest  + Apartments  | 

TOD Site Sold in Seattle’s University District for $17M

A 24,240-square-foot transit-oriented development site in Seattle’s University District, has sold for $17.3 million. The buyer was an unnamed private real estate fund, which plans to develop a mixed-use high-rise building that will include more than 200 apartment units.

The site is made up of three parcels at 4212 Roosevelt Way NE, 1006 NE 42nd Street, and 4211 11th Ave NE, and located only three blocks from the future University District Light Rail station.

Kidder Mathews’ Holly Yang, CCIM and Michael Yeh, represented the buyer, a developer of multifamily properties. The seller was represented by Kidder Mathews’ Ken Hirata and Jeff Loftus, as well as IPA’s Giovanni Napoli and Philip Assouad.

“We continue to see strong interests from both national and local developers/investors for development sites in the U-District,” said Yang.

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About Dennis Kaiser

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.

  • ◦Development
  • ◦Sale/Acquisition