CH& Client Sells 298-Unit Issaquah Terrace for $125M
Issaquah Terrace, a 298-unit garden-style apartment community, was recently sold in one of the Puget Sound’s largest apartment sales of the year. Anna Revelle Stock led the Cairncross & Hempelmann team, which represented the seller in all aspects of the negotiation and sale of this off-market $125 million deal.
Issaquah Terrace, developed by the seller in 2015, features a blend of apartment and townhome units, a fitness center, a swimming pool, and barbecue facilities. The community is located about 17 miles from downtown Seattle in a highly-desirable residential location that has proven to be profitable for investors and developers.