NBS, a Portland-based regional real estate brokerage, property management and mortgage financing firm, has been managing the building since it opened last May. In September, the company upped its commitment by relocating its offices there.
"We're already here (in the building), all our people live over here and we've got a stake in the outcome, because the sooner we can get it full, the more we have to manage," says Roger Qualman, NBS executive vice president and manager of the Vancouver office, explaining to GlobeSt.com why he thinks the company won the assignment.
The NBS leasing agents who will handle the assignment are senior broker Kirk Robertson, associate broker Tamara Fuller and sales associate Sean Turley. The leasing assignment was previously held by Insignia/ESG.
Full service asking rates for space in the building are $22.50 to $24.00 per sf. The building has 18,000-sf floor plates and is highly visible from Interstate 5, located just off the Downtown Vancouver exit.
West Coast Bank is the anchor tenant, with 20,000-sf split between the ground floor, where its retail branch is located, and the third floor, where it keeps administrative offices. Space is available on every floor of the building, including the entire second floor.
"We're enthusiastic about our ability to fill it up quickly," Qualman tells GlobeSt.com, explaining that in the past few months NBS has found two sublease tenants to split 50,000 sf in one of the Columbia Tech Center buildings pushed back onto the market by Electric Lightwave. "Industrial has been slow, but there's been a real uptick in demand for office space."
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
Already have an account? Sign In Now
© 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.
