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KIRKLAND, WA-Skinner Corp. has sold the 179-unit Carillon Heights apartment community for $66.8 million, or more than $373,000 per unit. The new owners–a joint venture of Bellevue-based Continental Properties Inc. and its Palo Alto, CA-based equity partner Broadreach Capital Partners LLC–plan to convert all or part of the water-view property to condominiums.

Carillon Heights is a 16-acre development that sits on a hillside above the waterfront Carillon Point mixed-use development and marina also owned by Skinner Corp. Units in the apartment complex average 1,400 sf and come equipped with fireplaces, entertaining-sized decks and a garage.

Barbara Leland, general manager of Skinner Corp.’s Carillon Properties, says Skinner Corp. has owned the property since 1945 and developed the apartments as part of Carillon Point in 1990. Skinner Corp. has no intention of selling any other portion of Carillon Point and considers the project a long-term hold for the family, she says.

Since Carillon Heights was built, it was contemplated that some day the company might convert the apartments into condos, but as time passed, Skinner Corp. decided not to convert the property itself. Leland says the company received a number of unsolicited offers for the property before selecting the offer from Continental, a developer of upscale condominiums and apartment communities run by Claudio Guincher. Guincher was not immediately available Friday morning for comment on its strategy for the property.

Broker Dave Schumacher of apartment sale specialist Columbia Partners LLC represented the sellers. HSC Real Estate Inc. will continue to manage the Carillon Heights property and Carillon Properties will continue to manage the rest of the Carillon Point development.

Continental Properties’ recent development projects include Kirkland Central condominiums, The Cosmopolitan condominium tower in Downtown Seattle and Canal Station condominiums in Ballard.

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