Case Study

505 First/83 King


Two buildings connected couldn't have been more different.

Transaction Details

Client: Starbucks Corporation
470,000 SF
Space Type: Office
Sector: Corporate
Service Line: Brokerage, Consulting & Strategic Planning
Total Client Transactions: 30+


What do you do with two buildings in Pioneer Square that are connected but were born out of completely different eras? The buildings featured functional components that were inferior to typical buildings and were vacant. With flexibility for the future owner of utmost importance, Kinzer set out to maximize value.


First things first, Kinzer convinced Starbucks to delay the sale of the building until it stabilized (to 100% occupancy) and market conditions improved. This allowed sale pricing comparable to superior office buildings within the nearby central business district, well beyond expectations. Kinzer highlighted the historic character of the older structure and the modern infrastructure and technology of the new building to attract buyers. The sale price of $124M achieved proceeds for Starbucks in excess of $100M beyond original expectations at the time of engagement.

More Case Studies

All Case Studies

Ready to Get Started?

Temporary Office Closure

Kinzer Partners’ office is closed temporarily in order to keep our employees safe and stop the spread of COVID-19. The safety of our employees, clients, partners, and vendors are of the utmost importance.

While we might not physically be sitting at our desks, we are still connected and available to assist you with any commercial real estate struggles you are having. We’d venture to say our work from home (WFH) dress codes might be ten times better than that in the office! A small solace during this crazy time.

If you have questions on anything regarding your real estate and how it is/has/will be changing in the current environment, don’t hesitate to reach out. We might not have all the answers but we will navigate the unknown right alongside you, offering support and virtual HH drinks when needed.

Wishing you safety, health and ask you to keep washing those hands!

Everyone at Kinzer Partners

For local economic resources

For COVID-19 information