The Lock Vista apartments at 3025 NW Market Street have sold for $43.7 million.
According to the Seattle DJC, the 192-unit apartment complex seller was Lock Vista Apartments LLC, which is associated with the local Wyckoff family. They’ve been the owners since 2004, when they purchased it for just under $18 million.
GT Capital and Freestone Capital Management purchased the property, which was built in 1949. Lock Vista is their second joint acquisition; the two firms purchased downtown Seattle’s Smith Tower in 2024.
“We’re thrilled to continue our partnership with GT Capital with Lock Vista. Lock Vista is a rare combination of character and location,” said Jason Mann, a partner at Freestone, in a statement about the acquisition. “Ballard continues to attract high-income renters seeking access to waterfront amenities and proximity to the city’s major employers. This investment offers both immediate income and meaningful long-term growth potential for our investors.”
According to their joint announcement, GT and Freestone plan to keep operating Lock Vista as an apartment community “while pursuing opportunities to enhance operational efficiency and environmental performance.”
Photo: Google Image Capture Sept 2025