BOTHELL, WASH. — JLL Capital Markets has arranged the sale of Stonemeadow Farms, a 280-unit community located at 23028 27th Ave. SE in Bothell, roughly 20 miles northeast of Seattle. LaSalle Investment Management sold the property for $93.1 million.
David Young, Corey Marx and Chris Ross led the JLL Capital Market’s investment and sales advisory team representing the seller. The buyer was not disclosed.
Stonemeadow Farms was constructed in 1999. The garden-style community consists of 20 buildings on a 29.1-acre site. Amenities include a fitness center, clubhouse with a kitchen and lounge, pool and an outdoor terrace with fire pits and barbeque areas.
The community underwent extensive renovations from 2014 to 2018. The updated units now feature stainless steel appliances, shaker-style cabinet faces, mosaic and subway tile backsplashes, black quartz countertops and undermount kitchen sinks. Each apartment also offers a private balcony.