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February 13, 2025

A bit more about that Hawthorne sale

As the DJC reported last week, Cushman & Wakefield represented the seller in a $22 million apartment deal on Capitol Hill. The brokers for the 63-unit Hawthorne were Dylan Roeter, Tim McKay, Dan Chhan and Matt Kemper. The same firm also arranged the $13.1 million Fannie Mae loan, originated by Greystone's Michael Zampetti, on behalf of buyer Felson. C&W's Dave Karson, Chris Moyer, Paul Roeter, Mitch Rothstein and Mary Shin lead the loan effort. Buyer Adam Felson said in a statement, “We are very excited to grow our presence in Seattle. The Hawthorne stood out to us as a compelling opportunity, given the excellent location, high parking ratio and early 2000s vintage.” The building, with 86 structured parking stalls, is now said to be 95% occupied.




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