California-based real estate investment company Kennedy Wilson has acquired the Pratt Park Apartments in Seattle’s Central District through an $80.4 million.
The firm bought the property at 1800 S. Jackson St. from Seattle-based Security Properties and New York-based Rockwood Capital, reported the Puget Sound Business Journal.
The mixed-use building is known for the iconic Wonder Bread sign on its roof. It was built on the site of the former bakery in 2008. The sign was reinstalled in 2009.
The six-story, 249-unit Pratt Park Apartments totals 202,400 square feet and has a mix of studios, one and two-bedroom apartments, which range from 511 to 1,166 square feet. The property also has 8,200 square feet of retail space. Security Properties and Rockwood Capital acquired Pratt Park in 2019 for $91.4 million.
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