GID pays $195M for 524 Bothell units

GID pays $195M for 524 Bothell units

Griffis North Creek, at 20225 Bothell-Everett Highway (aka Highway 527), sold last week for $195 million, according to Snohomish County records.

IPA Brokers Sale of 50-Acre Bothell Multifamily Asset

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Griffis North Creek, a 524-unit multifamily property in Bothell, Washington. “Griffis North Creek is an institutional-quality asset situated on nearly 50 acres of land in one of the region’s most dynamic employment hubs, a combination that is increasingly difficult to replicate in ...

50-Acre Puget Sound Multifamily Asset Sale Brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced the sale of Griffis North Creek, a 524-unit multifamily property in Bothell, Washington. “Griffis North Creek is an institutional-quality asset situated on nearly 50 acres of land in one of the region’s most dynamic employment […] The post 50-Acre Puget Sound Multifamily Asset Sale Brokered by In…

GID Buys 524-Unit Griffis North Creek Apartments for $195MM in Bothell

The sale caps a ten-year hold for Griffis Residential and marks GID’s third Puget Sound apartment acquisition since 2022. A 524-unit Snohomish County apartment community has traded hands at a per-unit price well above this year’s regional average, evidence that large, stabilized suburban multifamily assets are still commanding a premium even as overall investment sales activity across the Seattle area cools. GID paid $195 million for Griffis Nor…