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TIAA-CREF Pays $83M for Circa Green Lake Apts

Trammell Crow, Prudential Financial Divest 199 Units in Seattle
October 24, 2012
A joint venture of Trammell Crow Residential and Prudential Financial, Inc. sold the 199-unit Circa Green Lake multifamily complex at 6900 E. Green Lake Way N. in Seattle, WA to TIAA-CREF for $83.25 million, or approximately $418,000 per unit.

The 171,832-square-foot apartment community consists of a mix of studio, one-, and two-bedroom units. It was built in 2008 in the Ballard/ U District submarket and was 95 percent occupied at the time of sale, according to CoStar research.

Cushman & Wakefield represented the seller.

Please see CoStar COMPS #2556230 for more information on this transaction.

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