CBRE Facilitates Sale of Multifamily in Seattle’s Waterfront District
CBRE announced the sale of Walton Lofts, a 136-unit luxury high-rise located at 75 Vine Street in Seattle’s Belltown neighborhood.
CBRE’s Pacific Northwest Multifamily team, Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper, represented the seller, Clarion Partners.
“This transaction reflects the confidence institutional investors have in the Seattle market, offering long-term stability and significant upside potential. Walton Lofts is truly an irreplaceable asset along the waterfront with incredible protected views as well as walking distance to the #2 AI technology employment hub in the U.S., and will benefit from continued return to office policy updates,” said Hanacek, vice chairman at CBRE.”
Originally developed in 2015, Walton Lofts has studio, one-bedroom and two-bedroom units. Amenities include a rooftop lounge with views of Elliott Bay, the Olympic Mountains, and downtown Seattle, a library and a fitness center. It is also walkable to the newly redeveloped Seattle Waterfront and Pike Place Market.
Photo credit: Benjamin Benschneider
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