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Elliott Bay Plaza Sold for $54.25M

From PSBJ


In the Puget Sound area’s third largest apartment deal of the year, the State Teachers Retirement System of OhioBerkshire Group for $54.25 million, or $232,832 a unit… has sold the 233-unit Elliott Bay Plaza Apartments in Seattle’s Belltown to Boston-based

“We had a really deep response from institutional investors looking to buy core properties,” said Hallgrimson. “Elliott Bay Plaza is well located. It’s a little bit older but it’s still in Belltown and will benefit when the (Alaskan Way) viaduct comes down and the tunnel opens up.”

Investors such as the Berkshire Group are favoring apartment complexes, thanks to demographic trends that are bringing more renters into the market



1 Comment on "Elliott Bay Plaza Sold for $54.25M"

  1. Two t’s in Elliott Bay, please!

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