JLL Capital Markets arranged the sale of the 151-unit Broadstone Sky in Seattle, Washington
News release
07 February 2023
Sale of premier apartment community in West Seattle closes
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SEATTLE, Feb. 7, 2023 – JLL Capital Markets announced today that it has closed the sale of Broadstone Sky, a 151-unit, mid-rise, institutional-quality apartment community located in Seattle, Washington.
JLL represented the seller, and Green Leaf Capital Partners acquired the asset.
Completed in 2016, Broadstone Sky features one- and two-bedroom units with an average size of 706 square feet, stainless steel appliances, quartz countertops, full-size washers and dryers, oversized windows and vinyl plank flooring. Community amenities include a 24-hour athletic center, a rooftop deck with panoramic views, an entertaining kitchen, a resident lounge, two outdoor barbecue areas and an on-site coffee and wine shop.
Located at 4745 40th Ave. S.W., Broadstone Sky is within 15 minutes of downtown Seattle and South Lake Union, giving residents easy access to the region’s top employers. It is also a 30-minute commute to the 12.7 million square feet of office development on the Eastside. In addition to ample highway access, residents benefit from the property’s proximity to Rapid Ride C Line bus stop and the future Alaska Junction Light Rail Station, which is part of the five-mile West Seattle Link Light Rail expansion opening in 2032. Additionally, over 831,000 square feet of retail is within a one-mile radius of the property.
The JLL Capital Markets Investment Sales and Advisory Team was led by Senior Managing Directors David Young and Corey Marx, Senior Directors Chris Ross and Jordan Louie and Director Michael Lyford.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.