June 10, 2019
Seattle-based Security Properties and Rockwood Capital acquired Legacy at Pratt Park, a 249-unit mixed-use property with 6,720 square feet of retail located in Seattle, reportedly for $91.75 million. The podium-style community totaling 248 apartment homes and four retail spaces is situated at S. Jackson Street and 18th Ave. in the Central District.
The property was developed in 2009, and features six stories of light gauge steel framing, a distinguishing feature compared to the wood framing typically used by new multifamily construction in the area. Along with highly-desirable western and southern exposures, the property has 360-views of the Seattle skyline, Elliott Bay, Mt. Rainier and the Olympic Mountains.
The property also offers a comprehensive amenity package, which includes three rooftop decks, a fitness center, resident lounge, business center, pet wash room, package room, theater room, bike room and controlled building entry sits adjacent to the 5.5-acre Pratt Park.
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