Terravet Real Estate Solutions Acquires Nearly $5 Million Former Brewery for BluePearl Pet Hospital in Seattle Metro

BALA CYNWYD, Pa.--(BUSINESS WIRE)--Terravet Real Estate Solutions, a leading real estate group specializing in veterinary properties, has completed the $4.825 million acquisition and conversion of a former brewery in Tukwila, Washington, into veterinary space in partnership with BluePearl Pet Hospital Renton. The redeveloped facility expands BluePearl's emergency and specialty care services in the Seattle-Tacoma-Bellevue metropolitan area.

"Turning an idle site into a high-functioning veterinary hospital is exactly the kind of outcome we aim for," said Daniel Eisenstadt, CEO of Terravet Real Estate Solutions.

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The project included a $1 million tenant improvement contribution from Terravet and more than doubled BluePearl Pet Hospital Renton's previous footprint to 14,825 square feet. BluePearl identified the property at 402 Baker Boulevard, which had been vacant since July 2021, as a fit for its relocation and approached Terravet to assist with its acquisition and reconfiguration.

"Turning an idle site into a high-functioning veterinary hospital is exactly the kind of outcome we aim for," said Daniel Eisenstadt, CEO of Terravet Real Estate Solutions. "This project shows how adaptive reuse can meet the needs of veterinary operators and the communities they serve. We've reinforced BluePearl's long-term presence by delivering a property that works for them and increasing access to high-quality pet care in South King County."

BluePearl Renton's new location includes advanced treatment capabilities and a flexible layout that accommodates the demands of a 24/7 emergency veterinary hospital. The additional square footage and state-of-the-art infrastructure will also enable the practice to support a larger medical staff and attract top talent.

Terravet, which owns more than 1.5 million square feet of real estate in over 35 states, worked with seller MRFH LLC to complete the purchase. The transaction highlights the company's approach to complex redevelopment and its focus on partnering with veterinary operators to deliver facilities where care is most needed. This project follows Terravet's recent acquisition and redevelopment efforts, including the conversion of a former furniture store into a 31,000-square-foot veterinary hospital in Roseville, California, and the purchase of three veterinary and pet care properties in suburban Atlanta.

About Terravet Real Estate Solutions

Terravet Real Estate Solutions is a real estate group that owns and manages veterinary properties and certain other healthcare properties across the United States. Terravet owns more than 1.5 million square feet of real estate in over 35 states. Terravet partners with strong veterinary and healthcare operators and provides flexible solutions including sale-leasebacks, joint ventures, and renovation and expansion programs. The Terravet team is comprised of real estate, finance, and operating professionals and brings decades of expertise to the transactions it leads. Terravet is committed to improving health by channeling resources and knowledge to the facilities where care is delivered and to those who deliver the care. For more information, please visit www.terravetrealestate.com.