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401 Broadway Building Hinges on Pre-Leasing

SEATTLE, WA-The latest project of local developer Dale Behar is a 156,000-sf high-tech mid-rise office building in the Capitol Hill district. The permits are in, and Behar is ready to go as soon as its preleasing hits 60%.

By Janet Parker | Updated on January 25, 2001

SEATTLE, WA-The Behar Company, a small Seattle real estate services and development firm, is close to its 60% preleasing goal before breaking ground on its 156,800 sf office project. Owner Dale Behar tells GlobeSt the 401 Broadway project s fully permitted and ready to go. The asking price for space is $28 NNN with annual increases of 3.5%. Behar declined to name the tenants already signed.

The five-story building on Seattle’s Capital Hill will be appointed with fiber optics from five carriers, upgraded electrical, and large conduits to adapt to changes in technology. The building’s present design calls for 26,000 sf to 35,000 sf column-free floor plates, with a floor-to-ceiling height of 12-feet, 10-inches and a floor load of 100 lbs./sf. Behar adds that an all-concrete construction will help eliminate vibration and provide a more sound-proofed environment. The building will also have three stories of underground parking with approximately 298 stalls and a two-bay loading dock.

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