Cushman & Wakefield Arranges $44M Sale of Ballard MF

Cushman & Wakefield Arranges $44M Sale of Ballard MF
News| December 19, 2025| Jasmine Kilman
Seattle & Northwest + Apartment Buildings

Cushman & Wakefield has arranged the sale of Lock Vista Apartments, a 192-unit multifamily apartment community in Seattle’s Ballard neighborhood.

Cushman & Wakefield arranged, and Greystone provided acquisition financing for the transaction. Cushman & Wakefield’s Dan Chhan, Tim McKay, Matt Kemper, Jacob Odegard, Dylan Roeter and Byron Rosen brokered the sale of Lock Vista Apartments, LLC. Cushman & Wakefield’s Equity, Debt & Structured Finance team, led by David Karson and Chris Moyer, arranged the $30 million Freddie Mac loan with Greystone’s Alex Basile.

Lock Vista Apartments comprises 192 units across five buildings, offering a diverse mix of studio, one-bedroom, two-bedroom and three-bedroom homes. The property has undergone over $15 million in renovations. Common areas feature upgraded corridors, a resident clubhouse with a kitchen, a gym, an outdoor pool, a bike room, laundry facilities, and a community garden. The site provides 145 surface parking spaces and green spaces throughout the grounds.

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