Berkadia, a distinguished leader in the commercial real estate sector, announced the sale of Edgewood Park, a 195-unit, garden-style multifamily property in Bellevue, Washington.
Managing Directors Ben Johnson and David Sorensen, Director George Pallis, Associate Director Peter Dudunakis, and Senior Managing Director Kenny Dudunakis of Berkadia Seattle led the transaction on behalf of the seller, California-based Acacia Capital.
“We are incredibly thankful and appreciative to have had the opportunity to work with the seller and buyer on this disposition. Edgewood Park represents an incredible opportunity in Bellevue, given its prime location just 3 miles from downtown and its well-maintained property with a diverse unit mix,” said Sorensen. “With the Eastside being one of the fastest-growing employment hubs in the nation, this asset is perfectly positioned to capitalize on Bellevue’s robust economic growth and expanding employment base.”
Edgewood Park offers prime access to the leading employers on the rapidly expanding eastside—one of the nation’s fastest-growing employment centers. This vibrant area is home to major companies including Amazon, Microsoft, T-Mobile, Pokémon, Meta, and Salesforce. Constructed in 1979/1980, Edgewood Park boasts 195 apartment homes.
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
