Berkadia Completes Over $21 Million Sale of Multifamily Property in Washington

May 14, 2020

SEATTLE – May 14, 2020 – Berkadia today announced the $21.2 million sale of The Villas, a 39-unit condominium and townhome property in Woodinville, Washington. Senior Managing Director Kenny Dudunakis and Senior Directors David Sorensen and Ben Johnson of Berkadia’s Seattle office completed the sale on behalf of the seller, Washington-based MJR Development. The buyer was Seattle-based Foundation Group LLC, and the deal closed on April 9.

“This is a very unique community in an irreplaceable location,” said Johnson.

Located at 14625 NE 145th St., The Villas features two-bedroom floor plans with hardwood flooring, energy-efficient windows, stone countertops and stainless-steel appliances. The property affords convenient access to the Sammamish River Valley, local biking trails, Redhook Brewery and the top artisanal winemakers in the state like Chateau Ste. Michelle.

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