SEATTLE (January 8, 2018) – JLL’s Capital Markets experts announced the sale of Harrison Heights on behalf of Seattle Northwest Realty LLC. The multifamily asset sold for $4.3 million.
Built in 1997, Harrison Heights includes 16 apartment homes, offering both one- and two-bedroom options. Its location within Seattle’s Northgate neighborhood is considered highly valuable.
Brokers Don Flanigan and Matt Kemper led the JLL team on the sale.
“This is a great current and future investment for the buyer,” said Flanigan. “The Northgate Mall remodel, NHL training facility and transit expansion will continue to increase the value of this location and further exemplifies the profitability of the neighborhood.”
With ease of access to the I-5 corridor, residents have less than a 15-minute drive to downtown Seattle. Harrison Heights is also in close proximity to Northwest Hospital & Medical Center, North Seattle College and the upcoming Northgate light rail station.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, JLL Capital Markets completed $170 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,400 specialists, operating all over the globe.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.