Local dentist Dr. Eugene Sakai, a partner in the project, is the building's first signed tenant. Sakai is taking about 3,000 sf in the building. The rest of the building, expected to go in similarly-sized chunks, is available at $22.75 persf per year (full service), or $23.75 per sf for medical space, says listing broker Kirk Robertson with Portland-based Norris Beggs & Simpson. Robertson says he has so far taken calls from a learning institution, a medical doctor and an engineering group.

"The fact is that most newer office buildings built here in the past 15 years have been located in the Vancouver Mall area or East toward Fisher's Landing," says Robertston. "No real attention has been paid to north part of city until just recently. This should provide product for people looking to be closer to their residence."

The focal point of the structure, designed by architect John McKinney, will be a glassed-in, open staircase topped by a gabled roof. The building's exterior finish will utilize something called Cearea System, a resin compound with an appearance similar to granite. Completion is scheduled for May 2001.

Currently, the first floor is slated for parking. If the rest of the building leases up and there are still interested parties, Robertson says the first floor would be turned into another 10,000 sf of office space and the parking would be accommodated elsewhere.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.