Pre-leasing Strong for Spec Office Build

PORTLAND, OR—The Radiator, a five-story, 36,000-square foot, sustainable office project being developed by Ben Kaiser at 3530 N. Vancouver here, is due for completion in December and has had strong pre-leasing activity even before completion. Available for leasing through NAI Norris, Beggs & Simpson‘s SVP Robert Black and broker Carter Beyl, the project is the first speculative office building in North Williams since the recession and is located in the OneNorth three-building complex. The first building of the three to break ground, the property began construction last year. It is the first timber-frame office building to be built in Portland in the last 100 years.

DRAPER, UT—Gardner Co. and the Boyer Co. will be constructing a new, 125,000-square-foot corporate-headquarters facility here for 1-800 CONTACTS Inc. The company anticipates completion and occupancy of the new facility, which will be located in the Draper Pointe development, just west of I-15 and north of Bangerter Hwy., in July 2015. Upon completion, 1-800 CONTACTS will immediately occupy 100,000 square feet; the firm anticipates business development initiatives will allow the company to expand to all floors of the facility in the future.