Bell Partners Acquires 383-Unit Alexan Access Multifamily Community In Lynnwood For $142M

The transaction involved a multi-family asset located at 2727 Alderwood Mall Boulevard in Lynnwood, WA. The property includes 383 luxury apartment units and was sold for $142,000,000. The financing for this transaction was supported by an $83.177 million loan from Fannie Mae.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $142,000,000
• Buyer: Bell Partners
• Seller: Trammell Crow Residential
• Address: 2727 Alderwood Mall Boulevard
• Market: Lynnwood, WA
• Lender: Fannie Mae
• Mortgage Brokers: Charles Halladay, Travis Anderson, Brad Woolard & Seth Heikkila - JLL
• Brokers: David Young, Corey Marx & Chris Ross - JLL

JLL Capital Markets facilitated the sale and financing of the Alexan Access property, illustrating a strong demand in Seattle's multifamily sector, attributed to its proximity to key employment areas and transit options.