Seattle

With an estimated completion in fourth quarter 2020, One Esterra Park will offer 245,000 square feet of class-A office space in a six-story building designed with technology tenants in mind.

The Class-A facility, located at 150 Whitman Ave. in Edison, will feature 36-foot clear ceiling heights, 23 exterior docks, five trailer positions, parking for up to 62 cars, and one drive-in door.

As demand for large blocks of office space along with new and top-tier space continues, availability will be quickly chipped away but Savills predicts leasing activity will increase next quarter.

There is a tremendous level of interest in buildings similar in character to the Colman Building from tenants. specifically in the Seattle Waterfront, indicating a good buy on the part of Unico Partners.

There are several trends, many long-standing ones, that are currently shaping office markets.

The project is a collaborative effort between Intracorp, community groups and stakeholders including Friends of Little Saigon, Seattle Chinatown International District Preservation and Development Authority.

If rumors are true, Amazon would move thousands of operations employees across Lake Washington to Bellevue Corporate Plaza, which would house this team tasked with ensuring package delivery.

The fund, structured as a REIT under a 506(c) designation, is an evergreen fund focusing on 75% value-add, and 25% cash-flowing commercial real estate investments in primarily Western growth markets, including but not limited to Colorado, Utah, Texas, Arizona, New Mexico and California.