(Editor’s Note: King County property records show that the seller was an entity affiliated with Glen Beebe, and the buyer was an entity affiliated with Redmond 8370 LLC, which shares an address with Trinity Real Estate.)
Seattle, Wash. (April 28, 2023) – Winslow Lee and Jerrid Anderson of the Simon and Anderson team, a multifamily investment team at Kidder Mathews, represented the buyers in the sale of the Heritage Green Apartments located in Redmond, Washington this week. The acquisition included 38 units across six buildings with a purchase price of $15,236,000 (approximately $400,947 per unit). This sale follows an already active 2023 for the Simon and Anderson team, having closed 13 transactions so far this year with nine more closings set for the second quarter.
Built in 1991, Heritage Green is well located at 8370 166th Ave Northeast in a highly desired Redmond neighborhood surrounded by ample amenities including schools, retail centers, healthcare facilities, and more.
“In an uncertain environment, we were able to work with a well-respected investor to buy the property off market. It was important for the seller to work with a credible group who could provide the highest amount of certainty they’d be able to close on the property,” said Lee. “The Eastside is a highly sought after market, and we understood the buyer needed to put their best foot forward from the start to ensure they won the deal. It was a pleasure working with both buyer and seller to complete the transaction.”
About Winslow Lee
Winslow specializes in representing sellers and buyers in the sale of Seattle and Snohomish apartments. Having grown up in the greater Seattle area and living in Edmonds, Washington, Winslow has extensive knowledge of both Seattle and Snohomish Markets. Winslow works with Executive Vice Presidents Dylan Simon and Jerrid Anderson of the Simon and Anderson team, specializing in the sale of apartment buildings and development land from $1M to in excess of $100M.
About the Dylan Simon and Jerrid Anderson apartment brokerage team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents investors in the sale, purchase, and financing of apartment buildings and development land across the greater Seattle and Puget Sound region. The team of 10 brokerage professionals specializes in sale and financing of apartment buildings and development land from $1 million to more than $100 million.
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $12 billion in transactions, manages 53 million square feet of space, and conducts over 2,600 appraisals annually.
