SEATTLE—A new downtown loft apartment building sold for $68.2 million this week, according to a local media report.
The Joseph Arnold Lofts, located at 62 Cedar St. in the Belltown neighborhood was developed locally by Schuster Group. The Puget Sound Business Journal, citing public records, says a limited liability company whose address is the same as Atlanta-based Invesco.
The luxury building comprises 131 units. A one-bedroom apartment with views rents for $2,985 a month, according to the property's website.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
