Comprehensive Life Resources (CLR)
07.05.2019
Heartland advised CLR, a Tacoma-based behavioral health non-profit, on its real estate portfolio strategy in support of CLR’s organizational mission and goals. Heartland performed an alternatives analysis to assess options to expand CLR’s inpatient programs for children while optimizing administrative functions over multiple locations. As part of the implementation of the portfolio strategy, Heartland marketed and negotiated the sale of CLR’s 116,000 square foot office building and 230-stall parking garage located in downtown Tacoma. The sale transaction involved the leaseback of over 40,000 square feet for CLR’s administrative and clinical space needs and required a renewal and expansion for another tenant that entailed a 30,000 square foot lease, as well as turnkey tenant improvements to be completed.
