The Clock Tower Village in DuPont has sold to a Seattle real estate firm.
Security Properties bought the 188-unit property for $30 million, the company announced Thursday.
The community is near Joint Base Lewis McChord, which is one of the state's largest employers. DuPont is also where Amazon has a huge fulfillment center and State Farm's operations campus is located.
Security Properties is currently developing a two-phase project in Bellevue's new Spring District. The latest phase of the project includes 279 new apartments. The $2.3 billion Spring District project, is modeled after Portland's Pearl District and includes access to rapid transit. A new technology graduate program will be located there.
Security Properties lists the Puget Sound region as one of its target markets, where it owns the 344-unit Millington at Merrill Creek and Everett, 252-unit Terra Heights in Tacoma and the 179-unit Panorama in Seattle.
Security Properties affiliate Madrona Ridge Residential will manage the property.
