Marcus & Millichap’s IPA brokers sale of 524-unit Griffis North Creek apartments in Washington state
MMI•Marcus & Millichap’s Institutional Property Advisors brokered the sale of Griffis North Creek, a 524-unit multifamily property in Bothell, Washington. Buyer GID plans to continue renovations after upgrades to 43% of the units and common areas.
1. Property sale
Marcus & Millichap’s Institutional Property Advisors brokered the sale of Griffis North Creek, a nearly 50-acre multifamily property with 524 units in Bothell, Washington. Seller Griffis Residential exited the asset, and GID acquired it.
2. Renovation plans
GID plans to continue renovations following upgrades completed on 43% of the units and in common areas.
