JLL Completes $125M Sale Of Radiate Apartments In Redmond, WA

The asset involved in the transaction is Radiate Apartments, a multifamily community comprising 360 units located at 15808 Bear Creek Parkway in Redmond, Washington. The sale price of the property is $125,000,000, translating to a per-unit price of $347,222.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $125,000,000
• Address: 15808 Bear Creek Parkway
• Market: Redmond, WA
• Units: 360
• PPU: $347,222
• Buyer: Jackson Square Properties
• Seller: Fairfield Residential
• Brokers: Chris Ross, Corey Marx, Ira Virden, Jordan Louie, Michael Lyford, Reed Curtis & David Young - JLL

JLL Capital Markets was responsible for overseeing the transaction, facilitating the sale between Jackson Square Properties and Fairfield Residential, with notable participation from the brokers involved in the deal.