Mastro Properties recently purchased an apartment complex and an office building in the Seattle metro area for a combined price of $34.7 million.

Mastro acquired the Waterview Apartments in Kirkland for $18.7 million and the Plexus Office Building in Bothell for $16 million.

“We’re planning an upgrade of the Waterview Apartments, creating 45 high-end units,” Mastro’s CFO Gary English said. “This is the fifth apartment complex purchased by Mastro Properties in less than 12 months representing a total of 392 units.”

Mastro Properties has reached year-to-date sales of $130.1 million and acquisitions totaling $106.4 million, according to a press statement.

Mastro Properties has developed and constructed more than $1 billion of real estate products throughout Puget Sound since 1967. Projects include sub-division infrastructures, apartments and condominium units, medical, retail, high-tech flex space, warehouse, water theme parks, hotels, senior housing facilities, and mid- to high-rise offices.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription