Transwestern Sells Viva in Seattle

SEATTLE — Transwestern Investment Group has sold Viva Apartments, a 105-unit community in Seattle’s Capitol Hill neighborhood. JLL arranged the sale, representing the seller as well as the buyer, SI-Viva LLC, an affiliate of Sequel Investment Co. and Evergreen Gavekal. JLL also arranged a $22.9 million acquisition loan. Built in 2014, Viva is a six-story building with studios, one- and two-bedroom units. The property includes 76 parking spaces across two underground levels and 7,450 square feet of ground-floor retail space that is approximately 85 percent occupied. Amenities include indoor bike storage, a clubroom with a fireplace and a chef’s kitchen, a controlled access parking garage and electric car charging stations. JLL’s team representing the seller was led by David Young, Corey Marx, Casey Zejdlik, Chris Ross, Michael Lyford and Reed Curtis. Seth Heikkila and Kaden Eichmeier led JLL’s debt advisory team.