"In spite of the downturn in the market, interest in Civica remains strong," says Kellanne Henry, a senior investment director with property owner Schnitzer Northwest LLC, a real estate investment and development joint venture composed of managing partner Dan Ivanoff and Portland-based Schnitzer Investment Corp. "We now have less than 27,000 SF of office space remaining in the building and we have active prospects on every vacancy."

Schnitzer wouldn't reveal the specifics of the lease, but according to outside sources the current asking rate for space in the project is $25.50 per sf, triple net, including a $30 per sf tenant improvement allowance. Paul Sweeney of the Broderick Group represented Transnation. Bill Pollard and Jeff Durrell at Pacific Real Estate Partners are the leasing agents for Civica.

Henry says Transnation will provide a nice complement to the retail, commercial and private banking, and brokerage services already available at the project. Transnation Senior VP Greg Olson says Civica was chosen because it offered "the amenities and décor which would enhance our customers' experience." JPC Architects will assist with the architecture and design of the firm's new space. Pennon Construction has been chosen to build out the space.