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Tetra Tech Takes Full Floor at US Bank Centre

SEATTLE-The international consulting, engineering and technical services firm leases the 26,820-sf sixth floor for seven years. The $4.5-million-plus deal, which includes an $800,000 tenant improvement allowance, drops vacancy in the Downtown high rise from about 10% to about 7%.

By Brian K. Miller | Updated on November 17, 2005

SEATTLE-Tetra-Tech has taken down a full floor at US Bank Centre in an effort to consolidate its local operations. The publicly held environmental consulting firm from Pasadena, CA signed a seven-year lease for the 26,820-sf sixth floor, lowering vacancy in the 931,000-sf 44-story Downtown office building from 10% to about 7%.

The value of the full-service lease is about $4.5 million, which translates to an effective annual rate of $24 per sf. The deal includes a tenant improvement allowance in excess of $800,000, or $30 per sf.

Scott Katcher, Studley’s Los Angeles-based corporate managing director, represents Tetra Tech nationally. The building owner, City Centre Associates, was represented by Pat Pendergast and Ed Curtis of locally based Washington Partners.

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