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January 2, 2015

Tukwila apartments sell for $10.5M

Newport Heights, an 80-unit apartment complex at 5600 S. 152nd St. in Tukwila, sold last month for $10.53 million. The buyer is an entity managed by Steven Spierer and John Woodward, partners at Woodspear Properties, which has offices in Olympia, as well as California and Denver. The seller is an entity related to Horizon Realty Advisors of Seattle. The price equates to $131,562 per unit. Joe Levin, Tim McKay and Dan Chhan of Colliers International represented the seller.




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