Connect Media: CRE – Seattle Commercial Real Estate News

Connect Media: CRE - Seattle Commercial Real Estate News

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The Kaiser Foundation Washington Health Plan acquired 1.6 acres in the Yesler neighborhood of Seattle from the Seattle Housing Authority, reportedly for $ 36.3 million. The healthcare company plans to build a nine-story facility with an area of ​​more than $ 500 million and an area of ​​240,000 square feet.

Janet O’Hollaren of Kaiser Permanente Washington said, “This strategic development supports our mission of integrated care and meaningful partnership in our communities. The Seattle Housing Authority has a well thought out plan to invest in the Yesler neighborhood, and we are excited to be contributing to the health of this developing community. “

The acquisition is part of the $ 1 billion investment announced in 2017 by Kaiser Permanente to provide the best possible care, convenience and experience to patients across the state through new and improved facilities and expanded virtual channels of care. Kaiser Permanente is constantly reworking its physical space to integrate personal and virtual care options. A development schedule and expected services for the new Yesler facility have not yet been established.

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Tags: acquisition, development, healthcare, land

Acquisition Development Healthcare Land

Seattle Pacific Northwest News Seattle

Kaiser Permanente buys Yesler Land for a new $ 500 million facility

Dennis Kaiser