Seattle DJC.com local business news and data – Real Estate
The tower, on the corner of Denny Way, represents Ponte Gadea’s third big buy in Seattle.
As the DJC first reported yesterday, Ponte Gadea Group of Miami is the new owner of the Kiara apartment tower, at 111 Terry Ave. N. in South Lake Union. Oxford Properties Group sold the building for a bit over $322.2 million. (Both parties used LLCs in the deal.) The mystery is why, since it was only the summer of 2020 when Oxford paid about $320 million for the high-rise asset. (Original developer Holland Partner Group was then the seller.)
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