Pierce County apartment complex with 76 units sells for $14.3M
AI-generated summary reviewed by our newsroom.
- Goodman affiliate sold Crown Pointe Apartments in Lakewood off‑market for $14.3M.
- Bellevue buyer Legacy Group Capital acquired the 76‑unit site via loan assumption.
- Goodman has recently offloaded other local assets including $84M and $40M deals.
A Seattle real-estate firm has announced its second major apartment sale in as many days in the Tacoma area.
Crown Pointe Apartments, 2611 84th St. Ct. S., Lakewood, changed hands in a sale recorded Oct. 31. The site is west of Interstate 5 and south of South 84th Street.
The site sold for $14.3 million.
An LLC affiliated with Seattle’s Goodman Real estate was the seller, and a Bellevue-based LLC affiliated with Legacy Group Capital was the buyer of the 76-unit site, according to the recorded sale documents filed with the county.
The site last sold in 1997 for $2.5 million, according to county records.
Agents with Berkadia Seattle led the transaction, and the company’s release stated that “Our team secured a unique buyer during our pre-marketing process and completed the deal entirely off-market.”
It added that the buyer “gained an exceptional value-add opportunity with favorable financing through the loan assumption, while our seller enjoyed the benefits of a pre-marketed sale; speed, certainty, and a seamless transaction from start to finish.”
On Oct. 30, Berkadia announced the sale of Park East and West apartments in University Place for $10.5 million.
Goodman Real Estate has sold numerous properties in Pierce County since last year. In July, it sold off the Lodge at Madrona in Tacoma for close to $84 million. It was one of the highest-priced transactions in the county for commercial real estate this year.
Another big selloff for Goodman this year involved its Altitude 104 apartments in the Parkland area, which it sold for around $40 million.
Previous reporting by The News Tribune contributed to this report.
