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August 20, 2014

Essex buys Bellevue units for $58.5M

BELLEVUE — An entity related to Essex Property Trust of Palo Alto, California, paid $58.55 for a 220-unit apartment complex at 11200 N.E. 11th St. in Bellevue.

Property records show the seller is an entity related to AvalonBay Communities. AvalonBay, which is based in Arlington, Virginia, bought the property for $33 million in 2009.


 
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