WOODINVILLE, WA—For the past 18 months, Sack Properties' Washington State properties included Summit Redmond in Redmond and The Mill in Mill Creek. That is, until Sack recently acquired multifamily property, Chateau Woods.
"Over the past 18 months, we have strategically acquired three assets in the Eastside submarket of Seattle," David Feinberg, CIO of Sack Properties, tells GlobeSt.com. "Our team has developed excellent relationships across the West Coast and through those, we were able to close on this third high-profile property regardless of the challenges COVID-19 has presented."
Chateau Woods is adjacent to the region's technology hubs of Bellevue, Redmond, Kirkland and Seattle. Nearby employers include Amazon, Microsoft, Google and Facebook, all of which are expanding Eastside footprints. Most recently, Amazon announced its intention to build HQ3 in Bellevue which would put an additional 22,000 employees at that location during the next five years.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
