Time Square is located near the SW 41st St. exit from Highway 167. Built in 1986, the 22.6-acre campus is comprised of four 60,000-sf buildings and one 90,000-sf building. Bedford acquired the complex in July 1997 for $33 million. At the time of acquisition, Boeing leased the entire complex. At the beginning of last year, Boeing vacated the complex, at which point Bedford transferred the property to its development portfolio and has so far spent more than $2.2 million turning the buildings into a multi-tenant campus.

In April, the locally based collections company ER Solutions leased all of the 60,000-sf 800 building. In December, Ticor Title and the City of Seattle took down a combined 20,000 sf in the 60,000-sf 600 Building. The national education company will be taking a portion of the 500 Building, which is the building closest to Lind Avenue.

The negotiated lease rates on the deals have not been revealed. The asking rate is $20 per sf per year, including $6 per sf in annual operating expenses.