 |
| Harrington Square Apartments, Renton, WA |
IRVINE, CA – HFF announced today that it has secured $51.8
million in financing on behalf of Kennedy Wilson for the Atrium Apartments
and Harrington Square Apartments, multi-housing communities in Kent and
Renton, Washington,.
HFF
worked on behalf of the borrower to secure the two 10-year fixed-rate loans
with M&T Realty Capital Corporation (FNMA).
A $25.8 million loan with a 3.44 percent rate was arranged for
The Atrium Apartments and a $26 million loan with a 3.35 percent rate was
secured for Harrington Square.
 |
| Charles Halladay |
The
Atrium Apartments is located on more than 20 acres at 6248 South 242nd Place in
the south end submarket of Kent, a city halfway between Seattle and
Tacoma. Renovated in 2009, the property
has 300 units within 21 buildings.
Units range from one- to three-bedroom layouts and average 835 square
feet each. Community amenities include
an indoor basketball court, fitness center, spa, heated outdoor swimming pool,
clubhouse and two children’s play areas.
The 95 percent leased property also includes 52 detached garages.
 |
| Mark Wintner |
Completed in 2011, Harrington Square Apartments has 217 units plus 2,980
square feet of retail space. The property is 95 percent leased and features
studio, one- and two-bedroom layouts.
Community amenities include a clubhouse, fitness center, bbq area and
garage parking. Harrington Square
Apartments is located at 950 Harrington Avenue NE close to Interstate 405 in
Renton, southeast of Seattle.
The
HFF team representing Kennedy Wilson was led by director Charles Halladay
and managing director Mark Wintner.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
www.hfflp.com
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