Jones Lang LaSalle Inc.
11/05/2026 | Press release | Distributed by Public on 11/05/2026 17:49
JLL arranges $10.732M sale and $6.7M financing of Seattle apartment community
Key Takeaways
• JLL Capital Markets arranged the $10.732 million sale and $6.7 million financing of 510 Place, a 36-unit multifamily community in Seattle, Washington
• 510 Apartments, LLC purchased the asset from 510/520 Fourth West Properties, LLC, who'll be completing a 1031 exchange
• 510 Place is located in the desirable Queen Anne neighborhood just north of downtown Seattle
SEATTLE, Nov. 5, 2026 - JLL Capital Markets announced today that it has arranged the $10.732 million sale of 510 Place, a 36-unit mid-rise multifamily community in Seattle, Washington.
JLL represented the seller, 510/520 Fourth West Properties LLC, a longstanding local investment group led by Kevin Chinn who is strategically repositioning its portfolio for the next generation. 510 Apartments, LLC, a longtime local investor, purchased the asset in an off-market transaction and was assisted by JLL in securing acquisition financing from Freddie Mac through JREC.
510 Place is a well-maintained property with unique floorplans, offered for sale for the first time since the owners built it in 1990. The property is located at 510 4th Ave. W in the lower Queen Anne neighborhood, just north of downtown Seattle. 510 Place is within walking distance to numerous shops, restaurants, and grocery stores as well as the pedestrian bike bridge over Elliott Bay.
JLL's Seattle Private Capital and Middle Markets team representing the seller was led by Senior Director Casey Zejdlik and Directors Michael Lyford and Reed Curtis.
JLL's Debt Advisory team, led by Steve Petrie and Seth Heikkila, worked with the buyer to source the acquisition financing for the transaction.
"It was a pleasure working alongside both the buyer and seller in this transaction," said Zejdlik. "We were able to navigate some market turbulence and position our client to complete another successful 1031 exchange."
JLL Capital Markets 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. JLL Capital Markets has more than 3,000 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 more than 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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