Seattle Urban Academy to Relocate to Former Church Property
SEATTLE, WA – In a transaction arranged by Colliers International, CRISTA Ministries recently purchased the Amazing Grace Lutheran Church at 10056 Renton Avenue S in Seattle for $3.6 million. The acquisition included a 7,300-square-foot church building, 7,800-square-foot elementary school and 2.2 acres of surrounding land in a high-visibility location in southeast Seattle.
Colliers’ Matt McGregor and Bill Condon represented CRISTA Ministries, while Kim Hutchins and Steve Pelluer advised Amazing Grace Lutheran Church.
CRISTA Ministries will relocate its Seattle Urban Academy to the recently purchased Renton Avenue S property from 3800 South Othello Street in Seattle, the school’s current leased location. Seattle Urban Academy provides rigorous education to at-risk students at the high-school level, preparing them for college or meaningful employment and helping them contribute to the health of their community.
“Seattle Urban Academy is in expansion mode as it seeks to serve a larger number of students in the city,” noted Mr. McGregor. “The Amazing Grace Lutheran Church property offered both an existing school building as well as a sanctuary well-suited for eventual conversion into additional education facilities.”
Mr. Hutchins added, “The transaction benefitted both organizations. CRISTA Ministries now has the space to expand Seattle Urban Academy’s enrollment, while Amazing Grace Lutheran Church now has additional funds to continue its ministry and serve congregants.”
Amazing Grace’s worship center will relocate to a leased location to be determined in the future. The Amazing Grace Christian School is part of Renton Prep Christian School and will move to its location at 200 Mill Avenue South in Renton. Seattle Urban Academy will open its new school at 10056 Renton Avenue S for the school year beginning in Fall 2019.
-- End --
About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $25 billion of assets under management from the world’s most respected institutional real estate investors.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter (@Colliers) and LinkedIn. To see the latest news on Colliers International in the Puget Sound Region, follow @CI_PugetSound on Twitter or check out the website at www.colliers.com/seattle.
For further information, please contact:
Mary Ryan, Marketing & Research Director
+1 206 223 1438