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Tenant Buys Blackriver 800 From HAL

RENTON, WA-The Puget Sound Educational Service District acquires the 75,000-sf building here for which it signed a 10-year lease last spring. The lease included an option to acquire the property.

By Brian K. Miller | Updated on September 20, 2006

RENTON, WA-The Puget Sound Educational Service District has purchased the 75,093-sf Blackriver 800 office building here from owner HAL Real Estate for $11.64 million. The ESD signed a 10-year lease for the entire building last March. The agreement included an option to acquire the property.

Blackriver 800 is located in Blackriver Corporate Park, which offers a jogging trail and several enhanced wetlands and natural swales. Puget Sound ESD superintendent Monte Bridges says the ESD decided to exercise its purchase option on the building because of its central location near Interstate 405, adding that the onsite conference center “has become a draw for state-wide and regional gatherings.”

Puget Sound Educational Service District serves King and Pierce counties and Bainbridge Island. In addition to housing its offices, Blackriver 800 serves as a regional professional development center for educators.

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