Church Ties Up 40-Acre College Campus

ISSAQUAH, WA-Trinity Lutheran College this week announced it has selected another religious institution to purchase its 40.5-acre campus here for an as yet undetermined amount. After reviewing multiple offers, the college’s board of directors selected a proposal from the City Church of Kirkland to move forward with, kicking off a 90-day due diligence period wherein the terms and conditions of the sale will be negotiated.

Sage Real Estate Strategies, the Seattle-based firm with the disposition assignment, sent out the offering in August 2003 to some 230 public and private universities, commercial colleges and high schools. In September, he extended the deadline for offers through the middle of October. “We won’t know definitely if we have a sale until all due diligence issues are identified and resolved,” says Trinity board chair Ernie Fosse.

The college’s low density campus includes 220,000 sf in eight buildings situated on 28 acres that could hold still more buildings, plus two wooded six-acre parcels that do not yet hold any buildings. Current facilities include classrooms, three chapels, dining rooms, an auditorium, residence halls, gymnasium, indoor swimming pool and fitness center.