Search
 

Equity Promotes Two to Managing Director

SEATTLE-Two of the company's regional leasing and property management executives--Roger Wright and James Long--are named managing directors in charge of the company's Eastside portfolio.

By Brian K. Miller | Updated on October 26, 2004

SEATTLE-Equity Office has expanded the duties of two of its local executives, one in leasing and the other in property management. Roger Wright and James Long are now managing directors responsible for the company’s 4.5-million-sf Eastside portfolio.Wright previously served as a leasing director. As managing director, he will be responsible for overseeing all leasing activity for the company’s Eastside portfolio, which includes downtown and suburban Bellevue, the Interstate 90 Corridor and Renton submarkets. Prior to joining Equity Office in 2000, Wright was a leasing director at Wright, Runstad & Co., where he managed a staff of five people with leasing and marketing responsibility for about five million sf of Downtown office space.Long was previously general manager of Equity Office assets along the I-90 Corridor. He has been with the company for more than seven years. In his new role, Long will be responsible for the operations and management of the company’s Eastside portfolio. The news follows significant leasing gains in the Bellevue CBD over the past several months, most of it in EOP-owned buildings. During the third quarter, the Bellevue CBD saw its vacancy rate fall a whopping 34% or 717 points, from 20.93% to 13.76%, giving it a lower vacancy rate than Downtown Seattle for the first time since the fourth quarter of 2000. Leading the leasing were Safeco spin-off Symetra Financial and Drugstore.com, which leased a combined 342,256 sf in the Bellevue CBD, all in EOP-owned buildings. Indeed, the submarket is almost solely responsible for the Eastside’s 520,000 sf of positive absorption–the most absorption since the first quarter of 2001–that dropped overall Eastside vacancy by 13% or 202 points, from 15.76% to 13.74%.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.