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January 9, 2012

Equity pays $12M for Lake Union site

By JOURNAL STAFF

SEATTLE — Chicago-based Equity Residential recently paid $12.15 million for a half block in Seattle's South Lake Union neighborhood where it plans a 275-unit housing development.

The largest publicly traded apartment owner in the country bought most of the site from Seattle developer Touchstone Corp., which had hired brokers Jim Klinger and Ross Klinger of Kidder Mathews to market it.


 
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