City-Owned Carlton Building Headed to Market

TACOMA, WA-The city council next week is expected to approve the disposition of the 90-year-old Carlton Building, a 36,000-sf Downtown office property the city acquired in 2002 for $3.7 million.

The city acquired the building at 1552 Jefferson Ave. for two reasons: First, they needed office space temporarily in order to house city staffers and an outside consulting firm charged with installing the city’s new computer system; second, the buildings attached parking garage sits on land the city needs for a planned expansion of its convention center.

City asset manager Rick Brush tells GlobeSt.com that on Nov.4 the city will consider three items related to the building: whether to maintain staff in the building, whether to refinance the buildings debt and whether to declare the building surplus and put it up for sale, minus the parking garage.