Allegro On The Hill Trades Hands for $2.33M

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Local investor acquires centrally located Capitol Hill Asset

Allegro on the Hill, a nine-unit apartment building located at 1212 E Howell St. in Seattle, sold this week for $2,330,000. A local investor bought the centrally located Capitol Hill property from a Bellevue-based family office. Colliers International’s Dan Chhan, Tim McKay, Sam Wayne, and Matt Kemper represented the sellers in the sale. The buyer was represented by Jacob Odegard at Paragon Real Estate Advisors. Despite challenges presented by the pandemic, significant social unrest and the uncertainty presented by CHOP in an area where rents were falling and vacancy was increasing, Colliers was able to facilitate a buyer and close the transaction. 

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ABOUT COLLIERS INTERNATIONAL
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment.


For more information, contact:
Rachel Person
Marketing Manager
503. 499.0052
Rachel.person@colliers.com
 

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