Goldman Sachs And Virtú Investments Acquire Multifamily Skyglass Tower From Gemdale USA For $173.8M

The multifamily asset involved in this transaction is the Skyglass Tower located at 757 Thomas Street in Seattle, WA. The property features a total of 338 units with a price per unit of $514,201, and the sale price was $173,800,000. The luxury tower is designed by HEWITT Architecture and is LEED Gold-certified, incorporating amenities such as a rooftop green space and coworking spaces. It is strategically situated near major tech campuses.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $173,800,000
• Buyer: Goldman Sachs & Virtú Investments
• Seller: Gemdale USA
• Units: 338
• Price Per Unit: $514,201
• Brokers: Dave Karson, Marc Renard & Sam Wayne - Cushman & Wakefield

The acquisition involved a joint venture between Goldman Sachs and Virtú Investments, who assumed a construction loan from Corebridge Financial as part of the transaction. The involvement of experienced brokers from Cushman & Wakefield indicates a well-coordinated effort in navigating this multifaceted deal within the Seattle market.