**Kennedy Wilson Acquires Pratt Park Apartments in Seattle for $80.4M**
California-based real estate investment firm Kennedy Wilson has acquired the Pratt Park Apartments, a mixed-use residential property located in Seattle’s Central District, for $80.4 million.
The property, situated at 1800 S. Jackson Street, was purchased from Seattle-based Security Properties and New York-based Rockwood Capital, according to the Puget Sound Business Journal.
Pratt Park Apartments is a six-story, 249-unit building totaling 202,400 square feet. Built in 2008 on the site of the former Wonder Bread bakery, the development is well-known for the iconic Wonder Bread sign that crowns the rooftop, reinstalled in 2009 to preserve the site’s history.
The apartment complex offers a mix of studio, one-bedroom, and two-bedroom units ranging in size from 511 to 1,166 square feet. The property also includes 8,200 square feet of ground-floor retail space.
Security Properties and Rockwood Capital previously acquired the Pratt Park Apartments in 2019 for $91.4 million.
