Lakevision Capital has acquired Parkside Apartments, a 664-unit luxury community in Redmond, Wash., for $286 million.
JLL worked on behalf of the seller, a partnership between a Texas-based group of investors previously associated with Lincoln Property Company Residential and Daiwa House Texas, and procured the buyer.
Parkside Apartments, located at 15551 NE Turing St., is situated within the Esterra Park master-planned community. Minutes away from the East Link Light Rail Extension in Overlake, SR-520 and Interstate 405, residents can enjoy a connection to downtown Redmond, Bellevue and Seattle. Nearby are shopping, tech employment hubs and nightlife options.
Redmond is located 20 minutes from Seattle and 10 minutes from downtown Bellevue. It's recognized as the "Bicycle Capital of the Northwest" and boasts extensive parks and trails. Redmond is a major technology hub, home to prominent tech firms. The city offers excellent schools, diverse recreational opportu
