SEATTLE — Kennedy Wilson has partnered with Japan-based companies Kenedix and Hulic Co. to acquire The Danforth in Seattle for $173 million. A Whole Foods is the sole ground-floor retail tenant in the 265-unit community. Vanbarton Group, which has owned the asset since 2019, was the seller. Beverly Hills, California-based Kennedy Wilson has a 10 percent interest in the deal and invested $6.6 million of equity in the venture. Kennedy Wilson also will serve as asset manager for the partnership, receiving an undisclosed fee for that service.
The Danforth is a 16-story tower constructed in 2018 by Columbia Pacific Advisors. It features one-, two- and three-bedroom layouts. Amenities include a fitness center, rooftop solarium and dog run, a resident lounge with shuffleboard and a media center, a demonstration kitchen and a patio with multiple grills.