SEATTLE—New York-based Clarion Partners has acquired Walton Lofts, a class A, Green Globes Certified, 136-unit luxury apartment building in the Belltown neighborhood of Seattle, Washington on behalf of a separate account managed by the firm. The acquisition price was $76 million.
Dean Rostovsky, head of the Walton Lofts acquisition team notes that “With protected views of Elliott Bay and the Olympic Mountains, high quality finishes, and extensive amenities, we are proud to add Walton Lofts to our national residential portfolio. Clarion Partners has a significant presence in the Seattle area; it is a city we believe in, and one in which we are actively looking to increase our investment exposure.”
Completed in 2015, Walton Lofts is centrally located, with easy access to the central Seattle business district and other key employment nodes. Within a one-mile radius, residents enjoy easy walking access to more than 140,000 jobs.
Walton Lofts is in a quiet residential section of Seattle one block from the Seattle waterfront and near the Olympic Sculpture Park in a mature, primarily condominium neighborhood. The property is within quick walking distance of Pike Place Market, the Seattle Center, the central business and retail districts, numerous restaurants, nightlife and conveniences.
A number of public transportation options are also close to the property. With protected views, an outlook over an adjacent community garden, a Walk Score of 97 and a Transit Score of 99, Walton Lofts provides an outstanding residential experience to its tenants.
According to a release, Seattle is one of the fastest growing major US cities with a dynamic office market, a population projected to grow at a rate that is twice the US average through 2019, and an unemployment rate comfortably below the national average. Seattle has added approximately 245,000 jobs since 2010.
Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.
SEATTLE—New York-based Clarion Partners has acquired Walton Lofts, a class A, Green Globes Certified, 136-unit luxury apartment building in the Belltown neighborhood of Seattle, Washington on behalf of a separate account managed by the firm. The acquisition price was $76 million.
Dean Rostovsky, head of the Walton Lofts acquisition team notes that “With protected views of Elliott Bay and the Olympic Mountains, high quality finishes, and extensive amenities, we are proud to add Walton Lofts to our national residential portfolio. Clarion Partners has a significant presence in the Seattle area; it is a city we believe in, and one in which we are actively looking to increase our investment exposure.”
Completed in 2015, Walton Lofts is centrally located, with easy access to the central Seattle business district and other key employment nodes. Within a one-mile radius, residents enjoy easy walking access to more than 140,000 jobs.
Walton Lofts is in a quiet residential section of Seattle one block from the Seattle waterfront and near the Olympic Sculpture Park in a mature, primarily condominium neighborhood. The property is within quick walking distance of Pike Place Market, the Seattle Center, the central business and retail districts, numerous restaurants, nightlife and conveniences.
A number of public transportation options are also close to the property. With protected views, an outlook over an adjacent community garden, a Walk Score of 97 and a Transit Score of 99, Walton Lofts provides an outstanding residential experience to its tenants.
According to a release, Seattle is one of the fastest growing major US cities with a dynamic office market, a population projected to grow at a rate that is twice the US average through 2019, and an unemployment rate comfortably below the national average. Seattle has added approximately 245,000 jobs since 2010.
Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
