{"id":3625,"date":"2021-10-25T09:41:14","date_gmt":"2021-10-25T16:41:14","guid":{"rendered":"https:\/\/www.lee-associates.com\/northwest\/?p=3625"},"modified":"2022-03-21T15:51:43","modified_gmt":"2022-03-21T22:51:43","slug":"lynnwood-tod-site-sold-to-multifamily-developer","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/northwest\/2021\/10\/25\/lynnwood-tod-site-sold-to-multifamily-developer\/","title":{"rendered":"LYNNWOOD TOD SITE SOLD TO MULTIFAMILY DEVELOPER"},"content":{"rendered":"
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\n\t\t\"4301\n\t<\/div>\n\n<\/div><\/div>
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October 25, 2021 (SEATTLE, WA) \u2013 <\/strong>Lee & Associates Commercial Real Estate Services is pleased to have brokered the 1.11-acre disposition of a former restaurant location in Lynnwood to Koz Development, on behalf of their client DRK MC2 LLC.<\/p>\n

The 4301 Alderwood site, located just a short walk from the planned Lynnwood City Center Station, transacted at $5,500,000. Formerly occupied by Buca di Beppo, the site is zoned City Center \u2013 Core (CC-C), which allows for a potential commercial or residential development of up to 350\u2019 in height. In addition to the excellent transit accessibility, this site benefits from its close proximity to several high-impact development projects. Snohomish-based Koz Development, a familiar transit-oriented developer in the area, expressed plans to develop a midrise apartment building with ground-level retail.<\/p>\n

\u201cInvestor interest in transit-oriented development sites in the region is at an all-time high. As the Lynnwood area continues to transform, we\u2019re excited to see the completed project at 4301 Alderwood,\u201d noted Alex Muir, Vice President, Capital Markets.<\/p>\n

The Lee & Associates Capital Markets team of Alex Muir, Stuart Williams, Adrienne Hunter and Elizabeth Schalka facilitated the transaction.<\/em><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>

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MEDIA CONTACT<\/h2>\n

Alex Muir
\n<\/strong>Lee & Associates
\n(206) 219.1283
\namuir@lee-associates.com<\/a><\/p>\n

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\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\tClick Here to Learn More About Our Team\t\t<\/span>\r\n\t<\/a>\r\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

October 25, 2021 (SEATTLE, WA) \u2013 Lee & Associates Commercial Real Estate Services is pleased to have brokered the 1.11-acre disposition of a former restaurant location in Lynnwood to Koz Development, on behalf of their client DRK MC2 LLC. The 4301 Alderwood site, located just a short walk from the planned Lynnwood City Center Station, transacted at $5,500,000. Formerly occupied by Buca di Beppo, the site is zoned City Center \u2013 Core (CC-C), which allows…<\/p>\n","protected":false},"author":39,"featured_media":1124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1088,6,1,4],"tags":[1101,1107,1100],"class_list":["post-3625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","category-featured","category-media-center","category-press-releases","tag-alex-muir","tag-captial-markets","tag-stuart-williams"],"yoast_head":"\nLYNNWOOD TOD SITE SOLD TO MULTIFAMILY DEVELOPER - Lee & Associates Pacific Northwest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/northwest\/2021\/10\/25\/lynnwood-tod-site-sold-to-multifamily-developer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LYNNWOOD TOD SITE SOLD TO MULTIFAMILY DEVELOPER\" \/>\n<meta property=\"og:description\" content=\"October 25, 2021 (SEATTLE, WA) \u2013 Lee & Associates Commercial Real Estate Services is pleased to have brokered the 1.11-acre disposition of a former restaurant location in Lynnwood to Koz Development, on behalf of their client DRK MC2 LLC. 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