Institutional Property Advisors Brokers Sale and Arranges Financing for Eastside Seattle Multifamily Asset
Retrieved on:
Tuesday, June 27, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, New Zealand and South Seas International Exhibition, Partnership, Marcus & Millichap, Sale, Interstate 405, IPA, Walking, Nintendo, Community, Acquisition, Downtown Redmond station, Restaurant, Anderson Park, SpaceX, Interstate Highway System, MMI, NYSE, Oculus
Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced today the sale and financing of Aria, a 102-unit, transit-oriented, boutique multifamily property with 2,161 square feet of retail space in Redmond, Washington.
Key Points:
- Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced today the sale and financing of Aria, a 102-unit, transit-oriented, boutique multifamily property with 2,161 square feet of retail space in Redmond, Washington.
- “Aria is prominently located along 168th Avenue NE, just minutes from Interstate 405 and Redmond’s downtown core,” said Philip Assouad, IPA executive director.
- Assouad’s team procured the buyer, Pine Forest Properties, and IPA Capital Markets’ Ray Allen arranged acquisition financing.
- Community amenities include a sky lounge, a state-of-the-art fitness center, and a rooftop deck with lush landscaping, barbecue area, herb garden, and firepit seating.