
DaVita Sells its New Federal Way Headquarters for $93.5M
Kidney dialysis provider DaVita has sold its new medical building in Federal Way, WA for $93.5 million, just one year after moving in. The buyer was DVA Federal Way WA Landlord LLC, and DaVita plans on leasing back the building from its new owner.
The three-story, 160,000-square-foot building was developed on an 11-acre parcel of the former Weyerhaeuser campus, and opened in April of 2021. It features a conference center, clinic, cafe and 450 parking stalls.
Meanwhile, Horizon Partners Northwest is now selling DaVita’s former Puget Sound headquarters, the 10-story, 110,000-square-foot building on Pacific Avenue in Tacoma, WA. The property is over 100-years-old, and like other vintage buildings in Tacoma, the seller says they’ve had interest to convert the offices to apartments.
- ◦Sale/Acquisition