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Griffin Capital Sells Waterford at the Lakes Apartments for $37.6M

Henderson Global Acquires Kent Multifamily
By Michael Verostek
October 5, 2011 | 6:15 P.M.

Griffin Capital Corp. has sold the 344-unit Waterford at the Lakes Apartments to Henderson Global Investors (North America), Inc. for approximately $37.58 million, or $109,238 per unit. Originally constructed in 1990, the 312,761-square-foot multifamily complex is located at 23605 62nd Avenue S. in Kent, WA. The property features a racquetball court, fitness center, pool and spa, among other amenities. It was 94 percent occupied at the time of the sale.

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