$286M sale of Parkside Apartments sets benchmark for luxury living in Redmond
JLL Capital Markets has announced the $286 million sale of Parkside Apartments, a 664-unit luxury community in Redmond, Washington. The property, developed in 2021, was sold by a partnership between Texas-based investors and Daiwa House Texas to Lakevision Capital. Located at 15551 NE Turing St. within the Esterra Park master-planned community, the property spans 4.5 acres and features four buildings ranging from five to eight floors. The complex offers upscale amenities including rooftop decks, fitness centers, and various unit configurations with modern finishes. Its strategic location provides easy access to major transportation routes and tech employment hubs in the Seattle metropolitan area.
JLL Capital Markets ha annunciato la vendita di Parkside Apartments per 286 milioni di dollari, una comunità residenziale di lusso con 664 unità a Redmond, Washington. La proprietà, sviluppata nel 2021, è stata venduta da una partnership tra investitori con sede in Texas e Daiwa House Texas a Lakevision Capital. Situata al 15551 NE Turing St. all'interno della comunità pianificata Esterra Park, la proprietà si estende su 4,5 acri e presenta quattro edifici che vanno da cinque a otto piani. Il complesso offre servizi di alta gamma, tra cui terrazze panoramiche, centri fitness e varie configurazioni di unità con finiture moderne. La sua posizione strategica garantisce un facile accesso alle principali vie di trasporto e ai centri di lavoro nel settore tecnologico nell'area metropolitana di Seattle.
JLL Capital Markets ha anunciado la venta de Parkside Apartments por 286 millones de dólares, una comunidad de lujo de 664 unidades en Redmond, Washington. La propiedad, desarrollada en 2021, fue vendida por una asociación entre inversores de Texas y Daiwa House Texas a Lakevision Capital. Ubicada en 15551 NE Turing St. dentro de la comunidad planificada de Esterra Park, la propiedad abarca 4.5 acres y cuenta con cuatro edificios que van de cinco a ocho pisos. El complejo ofrece comodidades de alto nivel, incluyendo terrazas en la azotea, gimnasios y varias configuraciones de unidades con acabados modernos. Su ubicación estratégica proporciona fácil acceso a las principales rutas de transporte y centros de empleo tecnológico en el área metropolitana de Seattle.
JLL 캐피탈 마켓은 워싱턴주 레드먼드에 위치한 664세대의 고급 주거단지인 파크사이드 아파트의 2억 8천 6백만 달러 매각을 발표했습니다. 2021년에 개발된 이 부동산은 텍사스 기반 투자자들과 다이와 하우스 텍사스 간의 파트너십에 의해 레이크비전 캐피탈에 매각되었습니다. 에스터라 파크 마스터 플래닝 커뮤니티 내 15551 NE 튜링 스트리트에 위치한 이 부동산은 4.5 에이커에 걸쳐 있으며, 5층에서 8층까지의 4개의 건물로 구성되어 있습니다. 이 단지는 옥상 데크, 피트니스 센터 및 현대적인 마감재가 갖춰진 다양한 유닛 구성 등을 포함한 고급 편의 시설을 제공합니다. 전략적인 위치는 시애틀 대도시 지역 내 주요 교통 노선과 기술 고용 허브로의 접근성을 용이하게 합니다.
JLL Capital Markets a annoncé la vente de Parkside Apartments pour 286 millions de dollars, une communauté de luxe de 664 unités située à Redmond, Washington. La propriété, développée en 2021, a été vendue par un partenariat entre des investisseurs basés au Texas et Daiwa House Texas à Lakevision Capital. Située au 15551 NE Turing St. au sein de la communauté planifiée Esterra Park, la propriété s'étend sur 4,5 acres et comprend quatre bâtiments allant de cinq à huit étages. Le complexe offre des équipements haut de gamme, y compris des terrasses sur le toit, des centres de fitness et diverses configurations d'unités avec des finitions modernes. Sa localisation stratégique permet un accès facile aux principales routes de transport et aux centres d'emploi technologique de la région métropolitaine de Seattle.
JLL Capital Markets hat den Verkauf von Parkside Apartments für 286 Millionen Dollar angekündigt, einer Luxusgemeinschaft mit 664 Einheiten in Redmond, Washington. Die 2021 entwickelte Immobilie wurde von einer Partnerschaft zwischen texanischen Investoren und Daiwa House Texas an Lakevision Capital verkauft. Die Immobilie befindet sich in der 15551 NE Turing St. innerhalb der master-planned Gemeinschaft Esterra Park und erstreckt sich über 4,5 Acres. Sie umfasst vier Gebäude mit fünf bis acht Stockwerken. Der Komplex bietet gehobene Annehmlichkeiten, darunter Dachterrassen, Fitnesscenter und verschiedene Wohnungsvarianten mit modernen Ausstattungen. Die strategische Lage ermöglicht einfachen Zugang zu wichtigen Verkehrswegen und Technologie-Arbeitsplätzen im Großraum Seattle.
- Successfully closed a major $286M property transaction
- Property located in prime tech hub location with strong employment drivers
- Recently developed (2021) luxury property with modern amenities
- Strategic location near major transportation routes and employment centers
- None.
Insights
The
The transaction demonstrates continued institutional investor confidence in Seattle's Eastside market, particularly in areas with strong tech sector presence and transit-oriented development. The 2021 construction date and extensive amenity package justify the premium pricing, while the location near the upcoming East Link Light Rail Extension suggests strong potential for long-term value appreciation.
JLL's Capital Markets group facilitates landmark transaction in tech-centric hub near Seattle MSA
JLL worked on behalf of the seller, a partnership between a
Parkside Apartments, located at 15551 NE Turing St., is strategically situated within the Esterra Park master-planned community. Just minutes away from the East Link Light Rail Extension in Overlake, SR-520 and I-405, residents can enjoy a convenient connection to
Developed in 2021, Parkside Apartments spans 4.5 acres and offers an array of upscale amenities, including two rooftop decks with panoramic views, state-of-the-art fitness centers, a pet wash station, an entertaining suite and a game lounge. The four-building community ranges from five- to eight floors and provides studios, one- and two-bedroom options, each featuring modern kitchens with quartz countertops, stainless steel appliances, expansive private balconies, walk-in closets and full-size washers and dryers.
JLL's Capital Markets Investment and Sales Advisory team was led by Senior Managing Directors David Young and Corey Marx and Senior Director Chris Ross.
"Parkside Apartments exemplifies the vibrant, well-connected living experience that is highly sought after in this thriving tech region," said Jason Byrne who is managing member for the investment. "We were pleased to have partnered with Daiwa House Texas on this community and appreciate JLL's support facilitating this transaction."
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About Lakevision Capital
Lakevision Capital, established in 2018, acquires institutional-quality multifamily apartment communities across the US. With a focus on markets with strong job growth and accessible public transit, such as the Bay Area and
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of
Contact: Gréta Kieras, Senior Associate, Public Relations
Phone: +1 949 930 8498
Email: greta.kieras@jll.com
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SOURCE JLL
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