MacNaughton Acquires Keelson Ballard Apartment Building in Seattle Washington

MacNaughton today announced the acquisition of Keelson Ballard a 106-unit apartment building located at 1537 NW 56th Street in the Ballard neighborhood of Seattle Washington.

Built in 2017, Keelson Ballard features a mix of one and two-bedroom units outfitted with high-end finishes. Residents enjoy access to amenities like a rooftop plaza and 24-hour gym facility, as well as underground parking. The building’s location also provides excellent proximity to jobs in South Lake Union and downtown Seattle, and to Ballard’s renowned offering of dining and entertainment options.

“This was an excellent transaction for both parties, as opportunities to acquire institutional assets in Ballard are rare,” said Sam Wayne, Senior Vice President for Colliers International. “Keelson is positioned to perform exceedingly well. The Ballard submarket has demonstrated consistent demand and rent growth throughout the pandemic. Vacancy currently sits at 3.3 percent and rents are up 13 percent year-over-year.”

To learn more about Keelson Ballard, please click here.