Port of Seattle North Bay

Port of Seattle North Bay

Transaction Details

Client: Port of Seattle
Size: 57 acres
Space Type: Specialized
Sector: Public
Service Line: Brokerage, Consulting & Strategic Planning
Keywords: Industrial, Land, Development

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Kinzer found a way for the Port to grow in Interbay.

Challenge

What does the Port do when they can’t grow anymore in a location that is vital to their operations? They call Kinzer.

Solution

Kinzer provided multiple leasing proposals and advised the Port on highest and best use for its North Bay property. Providing development, entitlement, and leasing services strategies evolved into the creation of a multi-use development that included a City re-zone which led to a 57-acre ground lease for the Port to realize up to 3.75M SF of additional development.