Case Study

HCSA First Hill

HCSA First Hill Disposition
HCS

An obsolete facility could be used to further the education of the next generations.

Transaction Details

Client: Hospital Central Services Association
Size: 61,000 SF
Space Type: Specialized
Sector: Non-Profit
Service Line: Brokerage
Keywords:  Financing, Healthcare, Industrial, Tech
Total Client Transactions: 3

Challenge

This assignment included the disposition of HCSA’s old manufacturing facility after Kinzer helped them select the site and develop their new state-of-the-art hospital laundry facility in Auburn. The old facility was not reflective of highest and best use so Kinzer got creative.

Solution

Based on a comprehensive land use analysis, Kinzer determined the site zoning allowed for bonus zoning associated with adjacent institutional use. Kinzer successfully negotiated a deal with Seattle University and obtained pricing well above pricing reflective of the underlying zoning, allowing a local university to increase their footprint.

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