The building has been vacant since a group of Boeing engineers left in 1995. Shortly thereafter, in July 1995, Collins LLC acquired it and the 74,400-sf lot it sits on for $3.3 million from Aetna Life Insurance Co.
A spokesperson for the trust tells GlobeSt that until now the training facilities of its apprenticeship program have been scattered among several leased locations around the Seattle area. The deal required the use of an adjacent easement to provide sufficient parking for the training center. Some remodeling will be done to the 33-year-old building prior to the opening of the facility, expected to accommodate 800 apprentices and 74 instructors and staff members.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
