Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Seattle & Northwest  + Seattle  + Apartments  | 
Weidner Pays $37M for Belltown Multifamily Property

Weidner Pays $37M for Belltown Multifamily Property

Weidner Apartment Homes has purchased 206 Bell, a 122-unit multifamily community in the Belltown neighborhood of Seattle. According to the Daily Journal of Commerce, the property was purchased from Atlanta-based Invesco for nearly $37.5 million, representing a 9% drop in value in the 10 years that the company had owned it.

Developed in 2013 by HB Management and designed by Hewitt, The eight-story property features studio, one- and two-bedroom units, two levels of underground parking with 135 stalls, a rooftop deck and a ground floor restaurant, currently leased to Hatch Cantina.

Kirkland, WA-based Weidner has nearly 60,000 units across 280 properties in Washington, Arizona, California, Texas and several other states plus Canada. The 206 Bell community is located at the corner of Second Avenue and Bell Street in close proximity several restaurants, Pike Place Market, The Space Needle and Seattle’s Central Business District.


Inside The Story

Weidner Apartment HomesInvescoHB ManagementHewitt Seattle

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.

Step 1: Select Education
  • ◦Sale/Acquisition
New call-to-action