SEATTLE-Hendricks-Berkadia has brokered the sale of three land parcels on Boren Avenue North to a Charleston, SC, developer who plans to build an apartment community.
The buyer was Greystar Real Estate Partners of Charleston, SC. Greystar plans a Class A, 282-unit apartment community across the street from Amazon.com's headquarters. The seller of the parcel at 418 Boren Avenue North was Lake Union Investors, LLC. The seller of the 424 Boren Avenue North parcel was Vulcan Real Estate. The seller of the parcel at 400 Boren Avenue North was 400 Boren, LLC. All are based here.
The transactions were negotiated by Marty Leith and Kenny Dudunakis of the Seattle office of Hendricks-Berkadia.
Hendricks & Partners is now Hendricks-Berkadia. In addition to the multifamily advisory services that Hendricks & Partners has offered for nearly 20 years, the firm provides multifamily debt placement, structured finance, private equity, and a full menu of apartment advisory services, including debt restructuring and workouts.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
