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June 9, 2011

Paragon and Windermere

Photo courtesy of Paragon [enlarge]
University Heights Apartments, a former frat house, sold for $1.2 million.

David Petersen, Eric Smith and Ryan Iles of Paragon Real Estate Advisors represented the seller of a 16-unit apartment building called University Heights at 2211 N.E. 50th St. in Seattle.

Matthew Townsend of Windermere represented the buyer, Darren Gillespie of Property Pro LLC of Shoreline. The seller was Edward Carlstrom of Sarasota, Fla., manager of Carlstrom Family LLC. The price was $1.2 million.

Paragon said the new owner plans an extensive renovation of the 1910 building. Paragon representatives said it was on the market just a few days before they received an all-cash offer.




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