Bridge Partners Acquires Cascadia At Fairwood Landing Multifamily Property In Renton For $47.5M

The property asset involved in this transaction is Cascadia at Fairwood Landing, a multifamily building located at 14121 Southeast 177th Street in Renton, WA. This asset comprises 15 buildings and features one-, two-, and four-bedroom units. The property was originally built in 1981 and underwent renovations in 2025. Additional amenities include an outdoor pool, a fitness center, and a barbecue area. The transaction was completed for the amount of $47,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $47,500,000
• Buyer: Bridge Partners
• Seller: Sack Capital Partners
• Brokers: Giovanni Napoli, Philip Assouad, Ryan Harmon, Anthony Palladino & Nicholas Ruggiero - Institutional Property Advisors

This transaction involved the representation of the buyer, Bridge Partners, by the brokers from Institutional Property Advisors. The institutional team played a crucial role in facilitating the sale on behalf of the seller, Sack Capital Partners.