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Industrial Building Fills Up With Two New Leases

BELLEVUE, WA-Seattle Boat and MIU France have both signed leases for industrial space in the 63,000-sf Simone & Associates Building, bringing it to 100% occupancy.

By Michelle Savage | Updated on July 18, 2002

BELLEVUE, WA-Seattle Boat and MIU France have both signed long-term lease to occupy industrial space in Bellevue’s Simone & Associates Building for a combined total of 29,900-sf. The deals bring the property to 100% occupancy.

Seattle Boat, a local boat dealership, has leased 19,900-sf of space, which it plans to use for a showroom and storage area. MIU France, a kitchen supplies distribution company, will use its freshly leased 10,000-sf of space as a distribution center. According to local brokers, the asking rate for industrial space in the Bellevue area can run between $0.60 and $0.70 per sf.

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