Samantha CheungSenior Corporate Communications ManagerCBRE arranged the sale of Trax at DuPont Station, a 179-unit core-plus multifamily community in DuPont, WA.Eli Hanacek, Mark Washington, Kyle Yamamoto, and Natalie Kasper on CBRE’s Pacific Northwest Multifamily team represented the seller, Security Properties and RGA ReCap Incorporated (ReCap Real Estate Investments) on behalf of Reinsurance Group of America, Incorporated (RGA), in the transaction.“High-quality multifamily assets in growth markets l...
Samantha Cheung
Senior Corporate Communications Manager
CBRE arranged the sale of Trax at DuPont Station, a 179-unit core-plus multifamily community in DuPont, WA.
Eli Hanacek, Mark Washington, Kyle Yamamoto, and Natalie Kasper on CBRE’s Pacific Northwest Multifamily team represented the seller, Security Properties and RGA ReCap Incorporated (ReCap Real Estate Investments) on behalf of Reinsurance Group of America, Incorporated (RGA), in the transaction.
“High-quality multifamily assets in growth markets like DuPont have attracted strong investor demand. This core-plus asset offers value-add potential and has a unique combination of stable occupancy, strong demographics, and significant upside through interior renovations,” Hanacek, vice chairman at CBRE.
Located at 1430 Wilmington Drive in DuPont, Trax at DuPont Station was completed in 2012 and 2013 with a mix of studio, one-, and two-bedroom townhomes and lofts across five buildings. Amenities include a renovated clubhouse, 24-hour fitness center, swimming pool and spa, basketball courts, and rock climbing wall.
Trax at DuPont Station is one of three for-rent multifamily properties in Northwest Landing, a 3,000-acre master-planned community developed by Weyerhaeuser. Trax is walking distance to retail and restaurants, DuPont Park and Ride and Sound Transit Center. The property is also within a 20-minute drive to major employment hubs.
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.