HCSA First Hill

HCSA First Hill

Transaction Details

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

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

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.