AvalonBay buys Bellevue apartment complex

Alexandria-based AvalonBay Communities Inc. has acquired Verona Apartments, a 220-unit, four-story apartment building in downtown Bellevue for $33.1 million, according to a story on the Washington Business Journal's


The Verona is located at 11200 NE 11th St. in downtown Bellevue.

AvalonBay owns four other apartment complexes in Bellevue and 13 total in Washington State.

AvalonBay is the second-largest apartment complex owner in the nation and owns or has a stake in about 170 apartment communities, mostly in the Northeast, mid-Atlantic and West Coast.

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