JRK Property Holdings Purchases Seattle Multifamily Centennial Tower And Court Apartments For $132M

The property asset involved in this transaction is a multifamily building located at 2515 4th Avenue in Seattle, WA. The sale price for this asset was $132,000,000, which includes 408 units. The building has a total square footage of 513,000, resulting in a price per unit of $323,529 and a price per square foot of $257.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $132,000,000
• Buyer: JRK Property Holdings
• Seller: Mark J. Parrell - Equity Residential
• Units: 408
• Square Footage: 513,000
• Price per Unit: $323,529
• Price per Square Foot: $257

This sale marks a significant transaction in Seattle's real estate market, representing Equity Residential's second multifamily sale exceeding $100 million in Seattle within the same year.