Quest Church Moves to Urban Hotspot
Church acquires highly-desirable former Mars Hill Church location in Ballard
Every Sunday morning, more than 1,000 people from a multitude of backgrounds, ethnicities and generations gather at Quest Church in Seattle’s Interbay neighborhood for church services. They come to be part of a community. However, it’s a community whose growth has outpaced its current location.
In the fall of 2014, Mars Hill Church transitioned from one church to eleven independent churches and began the process of selling its real estate assets, including one of its most valuable properties at 1401 Leary Way N.W. in Seattle’s popular Ballard neighborhood. This property has been central to that neighborhood’s recent growth and is located across the street from the Ballard Blocks development. The property was highly sought-after and the listing fielded multiple offers.
Along with multiple developers, the 40,000 square foot Mars Hill building was desired by Quest Church since it could accommodate Quest’s growing congregation and also allowed Quest’s church staff and members to be close to one of Quest’s most prominent community service activities, the Bridge Care Center. The Bridge Care Center is a drop-in center operated by Quest Church, providing one-on-one counseling, community activities, clothing and computer/phone access for those in need.
Despite multiple offers for a highly sought-after urban property, Mars Hill chose Quest Church as the successful bidder and the acquisition was completed in February 2015.
Quest Church reached out to Foster Pepper to assist with the due diligence and closing of the transaction. Ken Lederman handled the environmental analysis for the property, and prepared a strategy to address environmental impacts in a manner that fit Quest Church’s short-term and long-term goals and objectives. At the same time, Ben Seeger provided key analysis and support to ensure that Quest Church could complete the transaction, protect its asset, and utilize the property according to its highest and best use.
Quest Church now has a new home that provides them with the room and resources to better serve the Seattle community. Foster Pepper was proud to assist Quest Church with its acquisition, and looks forward to continued support of the surrounding community.