Colliers International Completes Sale of Multifamily Investment Property in the Rapidly Developing West Seattle Neighborhood
SEATTLE January 23, 2018 – Colliers International today announced the sale of the Holden Apartments, a West Seattle, 23-unit multifamily property, that closed on January 19, 2018. The sales price establishes a new area high of $182,600 per unit, and $242 per net rentable square foot. The Colliers’ Seattle Apartment Team of Sam Wayne, Tim McKay and Dan Chhan represented the seller and sourced the buyer. This was the first time the Holden Apartments had been on the market in 30 years.
Consisting of 19 one-bedroom units and 4 two-bedroom units, the Holden Apartments is situated in the rapidly developing neighborhood of Highland Park due to its close proximity to downtown Seattle and easy access to amenities throughout West Seattle. Each unit boasts large floor plans, a private balcony or patio, natural lighting and abundant parking.
About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 12,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.
Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.
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