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Muir Apartments,1601 South Lane Street, Seattle, WA
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SEATTLE, WA – Denver-based  |
| Tom Stover |
EverWest Real Estate Investors (“EverWest”) is quickly expanding its Seattle multifamily
investment footprint with the $54.5 million purchase of Muir Apartments,
located in the heart of Seattle’s Central District.
The apartment acquisition follows quick on the heels
of EverWest’s April purchase of Junction Landing and Junction Flats apartments
in West Seattle.
This new activity represents almost $113 million in Seattle-area
multifamily investment in just 30 days by EverWest, who is already an active
office and industrial developer across the Pacific Northwest.
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| Dylan Simon |
“Seattle’s population, job growth and quality of life are driving
multifamily demand,” said EverWest Managing Director of Acquisitions Tom
Stover, who directed the Muir Apartments acquisition on behalf of EverWest.“The Muir Apartments asset was an opportunity for
EverWest to continue to gain exposure in a high-quality, high barrier to entry
urban market at an attractive basis.”
Dylan Simon, Winslow Lee and Jerrid Anderson of the Simon Anderson team of Kidder Mathews represented the Muir
Apartments building seller and developer, Daly Partners.
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| Winslow Lee |
Built in 2019, Muir Apartments is a modern, Class A urban mid-rise
community totaling 130 units and including 12,266 square feet of ground-floor
retail anchored by a boutique grocer. The seven-story building offers studio, one- and
two-bedroom units with an average unit size of 609 square feet.
Residents at the property enjoy a high-end amenity
package, including a rooftop deck with views of the Seattle skyline and Mount
Rainier.
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| Jerrid Anderson |
Muir Apartments is located at 1601 S. Lane St., minutes from
downtown Seattle and surrounded by a diverse and walkable mix of restaurants,
retail and cultural attractions. The property is directly accessible to transit
and proximate to both I-5 and I-90.
EverWest, a leading real estate investment management firm,
currently owns more than 950,000 square feet of office, industrial and multifamily space in the
Pacific Northwest.
EverWest continues to seek investment opportunities in
the region across all property sectors.
Contacts:
Stacey
Hershauer
focusAZ
www.everwest.com
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