Kidder Mathews Brokers $6.375M Real Estate Acquisition of Tacoma School Campus for Reality Sports Foundation
Reality Sports Foundation, a nonprofit athletic organization, has acquired the former Sound Christian Academy campus at 2052 S. 64th Street in Tacoma, Washington for $6,375,000, according to an announcement from Kidder Mathews.
Kidder Mathews represented both parties through separate advisory teams in the transaction.
Deal Details: What Reality Sports Foundation Acquired
Reality Sports Foundation purchased 7.34 of the 9.9-acre campus, securing a multi-use facility that includes a regulation gymnasium with retractable bleachers, a weightlifting center, classrooms, a sports field, a fully covered outdoor basketball court, and surface parking. The remaining parcels — which contain dormitory and office buildings — were not part of this transaction and are being marketed separately by Kidder Mathews on behalf of Sound Christian Academy.
Kidder Mathews Brokerage Teams
Executive Vice President Matt McLennan, SIOR, CCIM, Senior Vice President Steve Pelluer, and Associate Vice President Zeke Pelluer of Kidder Mathews represented the buyer in the transaction. Vice President Bruce Barker, CCIM, MBA, also with Kidder Mathews, represented the seller.
"Working with Reality Sports throughout this search was a great reminder of why patience and relationships matter in this business," said McLennan. "When a client has a mission-driven purpose and a very specific set of needs, you can't rush the process — you have to stay committed to finding the right fit. This team did exactly that. Seeing them secure a facility that truly supports their program made every step worthwhile."
Barker, who represented Sound Christian Academy, noted the complexity involved in structuring the transaction. "It's important for organizations to engage commercial real estate professionals early in the process. Helping the school achieve its goals required a thoughtful approach to parcelization and careful navigation of complex legal and financial considerations. This transaction was truly a team effort, and we are grateful for the opportunity to assist Sound Christian Academy with the first phase of the sale. We look forward to continuing our work with the school and assisting with the sale of the remaining parcels, which contain the dormitory and office buildings," he said.
Search Challenges: Zoning and Occupancy Considerations
The search process for Reality Sports Foundation presented several notable challenges. According to Kidder Mathews, the organization required high ceilings, wide clear-span spaces, sufficient parking, and occupancy classifications suitable for athletic and community use. Many otherwise viable properties were eliminated from consideration due to industrial zoning restrictions that would not accommodate the organization's intended programming. Maintaining budget discipline throughout the process was also identified as a key priority.
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals across 19 offices in Washington, Oregon, California, Nevada, and Arizona. The firm offers brokerage, appraisal, asset services, consulting, and debt and equity finance services across all property types. Kidder Mathews reports approximately $9 billion in annual transaction volume, manages 54 million square feet of space, and conducts nearly 2,700 appraisal, consulting, and cost segregation assignments per year.