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September 9, 2004

Hendricks & Partners

Following up on its record deal several weeks ago, Grosvenor Capco Limited of Vancouver, B.C., bought the 90-unit Chateau Creste apartments, 12062 Slater Ave. N.E., Kirkland for $7.55 million from Chateau Holdings LLC of Puyallup. Tim Ufkes of Hendricks & Partners handled the sale. Grosvenor made its first Puget Sound-area investment last month when it bought the Chelsea at Juanita Village, a mixed-use project in Kirkland. It paid $41.5 million for the residential portion that includes 196 units. The $211,735 per-unit price set an Eastside record.




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