JLL's Capital Markets group announced on November 8, 2024, the successful $286 million sale of Parkside Apartments, a 664-unit luxury community in Redmond, Washington. JLL worked on behalf of the seller, a partnership between a Texas-based group of investors and Daiwa House Texas, and procured the buyer, Lakevision Capital.
The Parkside Apartments, developed in 2021, are strategically located within the Esterra Park master-planned community, offering convenient access to major transportation routes and tech employment hubs. Redmond is recognized as a major technology hub and one of the most livable small cities in the U.S.
This landmark transaction underscores JLL's capabilities in investment sales and advisory within thriving real estate markets. The property's upscale amenities and prime location contributed to its high demand, reflecting the continued strength of the multifamily sector in key tech regions.
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