X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SEATTLE-A joint venture of O’Connor Capital Partners and Urban Partners LLC has sold Aspira, a 37-story multifamily high-rise located at 1823 Terry Ave. downtown. Sources involved in the deal did not return GlobeSt.com’s request for further information before deadline, but industry sources unrelated to the transaction report that the sale price was $165.7 million, or $509,706 per unit, and that the buyer was T-C Aspira LLC.

Marc D. Renard, Cushman & Wakefield of California Inc.’s vice chairman and executive managing director, capital markets group, led a team that included Pete Shelton, Manfred W. Schaub and Kim Grant in representing the seller in the transaction. The property is Seattle’s first four-star built-green luxury high-rise and contains 325 apartment homes. Sources report that Aspira was built in 2010 and that the land had been purchased in August of 2007 for $8.5 million.

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?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.