Just now opening at 8th Avenue and Washington Street is the North Tower, which includes about 93,000 sf of office space and 16,000 sf of retail space. All of the retail space and all but 9,000 sf of the office space remains available for lease.

The leasing team is comprised of company partner and executive vice president Roger Qualman; Kirk Robertson, associate vice president and office leasing broker; Tamara Fuller, office leasing broker; and, Pam Lindloff, retail leasing broker. The full-service asking rate for office space is $24.50 per sf per year; the triple-net rate for retail space is $21.50.

Qualman tells GlobeSt.com the timing on the assignment is serendipitous because his leasing team has all but filled up the West Coast Bank Building, its only other Downtown class A assignment. "We were looking for something to get our team working on and this is a great project," he says. "It's a good situation for us."

The leasing assignment for the development has heretofore belonged to Vancouver, WA-based Eric Fuller & Associates. The change in leasing brokers follows news that Bank of America will not, as originally expected, lease 5,000 sf of ground floor retail space and 10,000 sf of office space.

Qualman says he is confident that another bank will be interested in the ground floor retail space. "There are plenty of banks looking for locations and most want to be in Downtown," says Qualman. "And this building is located on a main north-south street that handles a lot of traffic coming through town, headed for the freeway."

The firm's strategy is to create a business center kind of atmosphere by attracting a bank and then other service-oriented tenants such as a title company, lawyers, a real estate firm, accountants, an insurance firm and an advertising agency. Qualman says one advantage his leasing team has is that there are few other comparable options.

"There is hardly any other class A space remaining Downtown and this is an ideal location for businesses because it's convenient to Clark County, the airport and Downtown Portland," he says. "There are also a lot of companies that feel strongly they should be looking north of the river for either a new home or to expand, so we feel as though the timing might be outstanding.

"We've already seen an up tick in activity and we are hopeful we have a plan in place to make this thing come together."

Vancouvercenter is a mixed-use development encompassing two square blocks adjacent to Esther Short Park. Slated for 194 apartments and 68 condominiums in addition to the office and retail space, the project is the largest urban development in Vancouver's history.

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