Jones Lang LaSalle Inc.
11/10/2026 | Press release | Distributed by Public on 11/10/2026 17:38
JLL completes $17.5M acquisition of Seattle apartment community, to round out client’s 1031 exchange
Key Takeaways
- JLL Capital Markets arranged the $10.8 million sale of 510 Place, a 36-unit multifamily community in Seattle, Washington, and the $17.5 million acquisition of 101 Broadway, a 44-unit multifamily community in Seattle, Washington.
- 510/520 Fourth West Properties, LLC, completed a 1031 exchange.
- 101 Broadway is located at 840 E Denny Way in Seattle's Capitol Hill neighborhood.
SEATTLE, Nov. 10, 2026 - JLL Capital Markets announced today that it has arranged the $17.5 million sale of 101 Broadway Apartments, a 44-unit mid-rise multifamily community in Seattle, Washington.
JLL represented the buyer, 510/520 Fourth West Properties LLC, a longstanding local investment group led by Kevin Chinn, who was in search of a legacy asset to satisfy their 1031 exchange from the recent sale of 510 Place, led by the same JLL team.
101 Broadway is a six-story, 44-unit multifamily community completed in 2017. The property features modern apartment homes with high-end finishes, ground-floor retail space and resident amenities, including a rooftop deck and resident lounge. Located at 840 E Denny Way in Seattle's Capitol Hill neighborhood, the asset sits directly adjacent to Capitol Hill Station, providing convenient access to Downtown Seattle, Bellevue and the broader Puget Sound region.
JLL's Seattle Private Capital and Middle Markets team representing the buyer was led by Senior Director Casey Zejdlik and Directors Michael Lyford and Reed Curtis.
"We truly enjoy working on these complex assignments," said Zejdlik. "Sometimes the stars need to align to pull them off, but it's very rewarding helping a client reposition their portfolio for the next generation. It takes a well-organized team and collaboration to get these transactions across the finish line. We are thankful to everyone who was involved."
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of approximately 112,000 as of September 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
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