Search
 

Apartments Trade in Bellevue, Federal Way

SEATTLE-The 206-unit Stone Creek at Bellevue fetches $35.7 million, the 388-unit Forest Cove Apartments in Federal Way sells for $32 million and the 72-unit Factoria Firs trades for $12.3 million.

By Brian K. Miller | Updated on June 08, 2007

(Read more on the multifamily market.)

SEATTLE-Three apartment properties in the region changes hands recently in separate transactions. The 206-unit StoneCreek at Bellevue sold for $35.7 million, the 388-unit Forest Cove Apartments in Federal Way traded for $32 million and the 72-unit Factoria Firs in Bellevue went for $12.3 million.

In the larger of the three deals, the Irvine, CA-based Bascom Group sold Stone Creek to Archstone-Smith Operating Trust for $172,815 per unit. Built in 1978, the 13-building apartment complex is located at 14719 NE 37th Pl., across the street from Microsoft’s world headquarters in Bellevue, WA. The transaction was negotiated by Kenny Dudunakis with the Seattle office of Hendricks & Partners.

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?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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 © 2024 ALM Global, LLC. All Rights Reserved.