Weidner Apartment Homes has recently sold Heron View, a multifamily property located in Kenmore, for $19.9 million to Wright Investment Properties. The transaction was facilitated by Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (a division of Marcus & Millichap), who represented the seller and secured the buyer.
Situated in King County near Edmonds and Lynnwood with easy access to both Bastyr University and the University of Washington at Bothell campuses, Heron View is a well-established apartment complex built in 1987. Comprised of three residential buildings surrounding a central parking lot with an on-site leasing office, the community offers 72 spacious one- and two-bedroom apartments averaging 797 square feet each.
This sale marks another successful transaction for Weidner Apartment Homes as they continue to expand their portfolio through strategic sales like this one. For more information on this deal or other commercial real estate news across North America visit Connect CRE.
