Alexan Access: $142M sale & $83.177M financing secured in Lynnwood

SEATTLE, Dec. 22, 2025 –  JLL Capital Markets announced today that it has completed the $142 million sale and $83.177 million acquisition financing for Alexan Access, a newly constructed 383-unit luxury apartment community in Lynnwood, Washington.

JLL represented the seller, Trammell Crow Residential, in the transaction with Bell Partners as the buyer. Additionally, JLL arranged the financing for the acquisition through Fannie Mae.

Located at 2727 Alderwood Mall Blvd., Alexan Access offers residents a high-quality suburban lifestyle with convenient access to the region's major economic drivers at a significant discount to rental housing in Seattle and Eastside markets. The property is strategically positioned along the Interstate 5 corridor, allowing residents to reach major employers in Seattle and on the Eastside in under 25 minutes.

Built in 2023, the community consists of studios, one-, two- and three-bedroom units across four buildings with luxury-grade features. The property includes exceptional amenities such as a resort-style pool and spa, sky lounge with rooftop deck, state-of-the-art athletic club with second-level yoga/spin studio, outdoor recreational area featuring a pickleball court and business lounge with work-from-home nooks.

Alexan Access benefits from its transit-oriented location just minutes from the recently opened Lynnwood Link extension, which provides access to downtown Seattle in under 30 minutes. The property is adjacent to Alderwood Mall, offering residents immediate access to over 4.5 million square feet of retail and entertainment within a one-mile radius.

JLL Capital Market’s Investment Sales and Advisory team was led by Senior Managing Directors David Young and Corey Marx along with Senior Director Chris Ross, while Executive Managing Director Charles Halladay, Senior Managing Director Travis Anderson, Director Brad Woolard and Senior Director Seth Heikkila arranged the financing.

"This transaction demonstrates the continued strength of the Seattle metropolitan multifamily market," said Ross.

"Located in one of the region's fastest-growing submarkets with excellent connectivity to major employment centers, Alexan Access represent Snohomish County’s second largest arm’s length transaction over the last five years,” added Marx.

The Seattle MSA continues to attract residents and businesses with its favorable demographics, concentration of highly educated tech talent and proximity to Fortune 500 companies.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Trammell Crow Residential (TCR) is a leading multifamily real estate developer with a local presence in 15 key U.S. markets. Over 45 years, TCR has built more than 292,000 premier multifamily residences, delivering amenity-rich communities in economically thriving locations nationwide. TCR is part of the development platform of Crow Holdings, a privately owned real estate investment and development firm with over 75 years of history, $34 billion of assets under management, and an established platform with a vision for continued success. For more information, please visit www.crowholdings.com.

Established in 1976, Bell Partners Inc. is a privately held apartment investment and management company that manages approximately 90,000 apartment homes in 12 regions across the United States. The company offers a full-service vertically integrated platform with over 2,100 associates and has completed over $11 billions of realized apartment transactions since 2002.