JLL Arranges $142M Sale of Luxury Apartments Near Seattle
JLL has completed the $142 million sale and $83.177 million acquisition financing for Alexan Access, a newly constructed 383-unit luxury apartment community in Lynnwood, Washington.
JLL represented the seller, Trammell Crow Residential, in the transaction with Bell Partners as the buyer. Additionally, JLL arranged the financing for the acquisition through Fannie Mae.
JLL Capital Market’s Investment Sales and Advisory team was led by Senior Managing Directors David Young and Corey Marx, along with Senior Director Chris Ross, while Executive Managing Director Charles Halladay, Senior Managing Director Travis Anderson, Director Brad Woolard and Senior Director Seth Heikkila arranged the financing.
Located at 2727 Alderwood Mall Blvd., the community consists of studios, one-, two- and three-bedroom units across four buildings. Alexan Access benefits from its transit-oriented location just minutes from the Lynnwood Link extension, which provides access to downtown Seattle. The property is adjacent to Alderwood Mall, offering over 4.5 million square feet of retail and entertainment within a one-mile radius.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout