Mesirow Acquires 451-Unit Villas At Beardslee From Holland Partner Group For $177 Million In Bothell

The asset involved in the transaction is a multi-family property located at 19128 112th Avenue Northeast, Bothell, WA. The sale took place at a price of $177,000,000 for a total of 451 units, which results in a price per unit of $392,461. The property encompasses 486,000 square feet and has a price per square foot of $364, situated on 7.5 acres of land and includes 62,000 square feet of retail space.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $177,000,000
• Units: 451
• Price Per Unit: $392,461
• Square Footage: 486,000
• Price Per Square Foot: $364
• Acres: 7.5
• Buyer: Mesirow
• Seller: Holland Partner Group

Mesirow has successfully completed the acquisition of the Villas at Beardslee mixed-use complex from Holland Partner Group, marking a significant transaction as the region’s third-largest real estate deal of the year. The deal encapsulates a strategic move in multi-family housing and mixed-use development in the Bothell market.