Optimus Properties, LLC and Gledhill Capital, LLC Purchase First Deal in Seattle Suburb

LOS ANGELESOct. 23, 2018 /PRNewswire/ — Optimus Gledhill Partners, LLC, a joint venture between affiliates of Optimus Properties, LLC and Gledhill Capital, LLC have completed the acquisition of a 43 unit apartment complex located at 13007, 10311 & 13035 12th Ave. SW, Burien, WA.  The City of Burien is currently going through a revitalization as both residents and businesses alike discover the convenience of its central location to myriad employment centers and public transportation, its small town charm, and its affordability relative to other neighboring submarkets. Downtown Burien has been reinventing itself since 2009 through a variety of municipal projects in Burien’s downtown core including widened sidewalks and landscaping along downtown’s major arterial streets, a new City Hall, the recent addition of a new regional library, a new town square park, and several new mixed‐use and residential projects including high‐end market rate apartments, for sale condominiums, and senior housing. Further bolstering the area’s attractiveness, the recent development and revitalization is occurring within blocks of the Burien Transit Center (providing public transportation to Seattle and nearby employment centers), and downtown’s nearby boutique shops, restaurants, gyms, and coffee bars.

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