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News release

SEATTLE, WA

Seattle Suburb Catches the Eye of Multifamily Investors

JLL closes $63 million sale of new Six Oaks Apartments & Retail in Bothell, Wash.


SEATTLE, Nov. 4, 2015 – On behalf of MainStreet Property Group LLC, a Washington-based real estate development firm, JLL’s Capital Markets experts today announced the $63 million sale of Six Oaks Apartments & Retail, a 203-unit multifamily community in the growing and vibrant Seattle suburb of Bothell, Wash. Belkorp Holdings bought the highly-amenitized, environmentally friendly property, which was completed in late 2014. Six Oaks Apartments & Retail also features 9,128 square feet of ground-floor retail space.
 
Managing Director David Young, Executive Vice President Corey Marx and Senior Vice President Seth Heikkila led the JLL team on the transaction.
 
“We’re seeing increased investor interest in Bothell’s thriving market and Six Oaks was perfectly positioned to capture that interest,” Young said. “With its high-quality offerings, proximity to Seattle and location in Bothell’s downtown, this apartment community will prove to be a powerful lure to the young professionals that are flooding the area.”
 
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2014 alone, JLL Capital Markets completed $118 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 1,700 specialists, operating all over the globe.
 
For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world. For additional news, videos and research resources on JLL, please visit the firm's U.S. media center Web page.
 
MainStreet Property Group LLC is a real estate development firm dedicated to the vision, construction and operation of landmark mixed-use properties. With an eye on maximizing the long-term value of each property, MainStreet’s team of experienced professionals strive to acquire, develop, construct and operate properties in desirable locations, complimenting and respecting each property’s natural, developed and community surroundings. MainStreet’s portfolio includes current projects such as: The Carter in Redmond, Wash., The LINQ at Spencer Square and The Spencer 68 Apartments + Lofts in Kenmore, Wash.  For further information, visit www.mainstreet-residential.com.
 
About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.