Hines Acquires 290 North Hudson Avenue Multifamily In Pasadena From Washington Capital For $60M

The asset located at 290 North Hudson Avenue in Pasadena is a MultiFamily property consisting of 140 units and encompassing a total of 135,940 square feet. The property was sold for a total price of $60,000,000.00.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $60,000,000.00
• Address: 290 North Hudson Avenue
• Market: Pasadena
• Units: 140
• Square Footage: 135,940.0
• Seller: Washington Capital
• Buyer: Hines
• Broker 1: Dean Zander - CBRE
• Broker 2: Ken White - Newmark

The transaction involved key representatives including Dean Zander from CBRE and Ken White from Newmark, who represented the buying and selling parties during the process. Hines acquired the property from Washington Capital, showcasing the involvement of major stakeholders in the deal.