Su sells Soma towers for $193M

Su Development Disposes of Soma Towers Multifamily Community Near Seattle for $192.8M

BELLEVUE, WASH. — Su Development has completed the sale of Soma Towers, an apartment property located at 288 106th Ave. NE in Bellevue, to The Sobrato Organization for $192.8 million. Consisting of two towers, Soma Tower features 273 apartments in a mix of studio, one- and two-bedroom floor plans and two- and four-bedroom penthouse suites. The towers also offer 29,964 square feet of commercial space across two floors that is 90 percent leased to…

Su sells Soma towers for $193M

The two Soma apartment towers, at 258-288 106th Ave. N.E., just sold for a bit under $192.9 million, according to King County records.

Su Development Sells 273-Unit Soma Towers in Bellevue for Combined $192.8MM - The Registry

By Kate Snyder A pair of residential towers in Bellevue have traded hands. The Soma Towers were purchased for $192.8 million, or approximately $706,227 per unit, according to King County public records. The seller was an entity affiliated with Su Development, which developed the property. The buyer was an entity that shares an address with the Sobrato Organization.  Located at 288 and 258 106th Ave. NE, the towers were constructed in 2014 and 20…