SEATTLE-Essex Property Trust Inc. has recently purchased two apartment properties in King County for a combined $165.1 million. The company purchased Redmond Hill, a complex of four apartment communities comprising 882 units in Redmond, from Archstone for $151.3 million.
In Seattle, Essex bought The Bernard, a mixed-use apartment complex consisting of 63 units in the Lower Queen Anne district, for $13.8 million. Warren Avenue Properties LLC developed the apartment building in 2008 for $12 million. For the full story, go to Commercial Property Executive .
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