CBRE Facilitates $56M Sale of Puyallup Apartment Homes
CBRE arranged the $56.45 million sale of Alderra Apartment Homes, a 200-unit garden-style multifamily community in Puyallup.
CBRE’s Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper represented the seller, Auctus Capital Partners. Located at 13507 99th Avenue E in Puyallup, Alderra Apartment Homes was built in 2003 with one- and two-bedroom floorplans as well as townhomes. Amenities include a clubhouse, fitness center, pool, year-round spa and playground.
“Its proximity to major aerospace, manufacturing, logistics and military employers, combined with the area’s strong demand fundamentals, makes it an ideal investment for those seeking both stability and growth potential,” said Hanacek.
Alderra Apartment Homes is a five-minute drive from the recently renovated South Hill Mall, and a 12-minute drive from Costco, Walmart and Winco. Its close proximity to major highways makes it easy to access job centers in Tacoma, Pierce County and Joint Base Lewis McChord.
Photo credit: Mark Griffith
Other News
Synergy Hosts Official Opening for Massachusetts’ Largest Office-to-Resi Conversion
Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...
Learn more
MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage
The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...
Learn more
Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla
Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout