JLL Facilitates $22M Transaction for Capitol Hill Complex
JLL has secured the sale and $22.948 million acquisition financing for Viva Apartments, a 105-unit institutional-quality apartment community in Seattle’s Capitol Hill neighborhood.
JLL worked on behalf of the seller, Transwestern Investment Group. JLL also represented the buyer, SI-Viva LLC, an affiliate of Sequel Investment Company and Evergreen Gavekal, in arranging an acquisition loan. JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Directors David Young and Corey Marx, Senior Directors Casey Zejdlik and Chris Ross and Directors Michael Lyford and Reed Curtis. JLL’s Debt Advisory team was spearheaded by Senior Directors Seth Heikkila and Kaden Eichmeier.
Located at 1111 E Union St. in Seattle’s Capitol Hill district, the property sits just two blocks from the Microsoft Connector stop and an 11-minute walk from the Capitol Hill Light Rail Station, providing direct access to Seattle’s major tech employment centers. Built in 2014, Viva is a six-story podium-style building featuring studios, one- and two-bedroom units averaging 651 square feet.
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Brokers
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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
Lenders
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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