November 19, 2020
The Bond, a 139-unit mid-rise multifamily property in Redmond, traded hands for $66 million. San Mateo, CA-based G.W. Williams Co. acquired the 2019-built property from Washington-based MainStreet Property Group LLC.
Located at 6180 E. Lake Sammamish Parkway NE, the asset features one- and two-bedroom floor plans with stainless-steel appliances and full-size washers and dryers in each unit. Community amenities include lounge areas, a dog park, a basketball court and an outdoor seating area with a firepit. The site provides convenient access to Marymoor Park and the shops and restaurants along Redmond Way.
Kirkland-based Turning Point Realty Advisors’ Matthew Balkman represented the buyer. Berkadia’s Kenny Dudunakis, David Sorensen and Ben Johnson completed the sale on behalf of the seller.
Johnson says, “The sale of The Bond represents continued confidence in the Eastside market, especially Redmond. The growth in the tech sector with key names such as Microsoft, Google, Facebook and Amazon will continue to put a focus on well located assets built by best-in-class developers.”
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