(Editor’s Note: According to Pierce County public records, the deal involved the address 5731 Main St. SW and the sales price was $13.7 million. The seller was an entity affiliated with Kite Realty Group, a real estate investment trust based in Indianapolis.)

Tacoma, Wash. (September 15, 2025) – Alliance Residential has acquired a 9.69-acre development site within Lakewood Towne Center. The sale was brokered by Ross Klinger and Austin Kelley of Kidder Mathews, who exclusively represented the seller and led the full marketing process.

The site is slated for a 285-unit Class A apartment community—bringing new housing to one of the most centrally located and amenity-rich areas of the city. The project will include units under the City of Lakewood’s Multifamily Tax Exemption (MFTE) program,

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