Unit Ballard apartment building for $95M. News | October 26, 2026 | Jasmine Kilman Seattle & Northwest + Apartment Buildings Bell Partners, a national apartment owner and property management firm based in North Carolina, has bought the 261-unit Leva on Market building in Seattle's Ballard neighborhood. Located at 1545 NW Market Street, the property is a mixed-use apartment community featuring studio, one- and two-bedroom units. BlackRock-linked limited liability company Ballard Apartments LLC purchased the land in 2006 for $4.9 million, reported the Puget Sound Business Journal. The eight-story, 350,000-square-foot apartment building was completed in 2008. Following the acquisition, the building has been renamed Bell Ballard. Ground-floor retail tenants at the building include the salons Waxing the City and Tropical Tan of Ballard. This is Bell Partners' second apartment building in Seattle and seventh multifamily property in the Puget Sound region. The firm also owns three apartment buildings in Redmond, one in Kirkland and one in Lynnwood.

Bell Partners acquires 261-unit Leva on Market in Seattle's Ballard for $94.8MM. Greensboro, North Carolina-based Bell Partners has expanded its Puget Sound portfolio with the $94.8 million purchase of Leva on Market, a 2008-vintage mixed-use apartment community on Ballard's main commercial corridor, betting that a light renovation program can push rents as Seattle's apartment market moves from correction toward recovery. An entity tied to Bell Partners' flagship [...] Thank you for your interest in The Registry. If you'd like to read further, you must Subscribe or Log In below to read the rest of this content. Signup for news and special announcements!