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November 5, 2019

Rise scoops up 131-unit property in Belltown for $75M

Real Estate Editor

Photo provided by Rise Properties Trust [enlarge]
The 13-story Joseph Arnold Lofts was developed in 2014 by the Schuster Group. It includes 4,000 square feet of commercial space.

Joseph Arnold Lofts, at 62 Cedar St. in Belltown, has sold for $74.5 million, according to King County records. The buyer was an LP related to Rise Properties Trust, which also issued a press release with details.

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