SEATTLE-What some local insiders are calling one of the largest Puget Sound area apartment property sales of 2010, Boston-based Berkshire Group just purchased Elliott Bay Plaza, a 233-unit complex, from the State Teachers Retirement System of Ohio for $54.25 million or $232,832 per unit. The property located in the Belltown neighborhood near the Seattle waterfront and Pike Place Market, as well as the expanding employment base in South Lake Union.

“Investors are aggressively pursuing well-located, core apartment properties in Seattle,” says Jon Hallgrimson, executive vice president with CB Richard Ellis, who brokered the deal on behalf of the seller with his colleague Frank Bosl. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.