CBRE has successfully facilitated the sale of The Carriages at Fairwood Downs, a 400-unit multifamily community located in Renton, Washington. The property was acquired by Abacus Capital Group for $107 million and is now the second-highest multifamily deal in King County this year, according to a report from Puget Sound Business Journal.
The transaction was represented by CBRE’s Pacific Northwest multifamily team consisting of Eli Hanacek, Mark Washington, and Kyle Yamamoto. Sequoia Equities Inc., the sellers of the property built in 1988 at 15030 SE 179th Street were pleased with their representation.
Situated on over 28 acres of land near various retail options such as The Landing and Westfield Southcenter as well as Kent Station ,The Carriages at Fairwood Downs offers an array of one-, two- and three-bedroom floorplans along with townhomes across its garden-style community featuring thirty-seven buildings.
Residents also have convenient access to I-405 via Maple Valley Highway which leads to Bellevue and I-90 corridor employment centers including Boeing’s manufacturing facilities along with Paccar’s facilities.
