No leases have yet been signed, but Peyton says he has fielded significant interest from potential tenants ranging from dot.com companies to law offices and financial services firms. "I think one of the biggest attractions is the exposed brick, high ceilings and character that the building offers, along with amenities that come with a class A building, notes Peyton. "The building will definitely be wired for high-tech companies and the rates are a lot less expensive than what you can find in Seattle."

Office space in the eight-story building, with 8,500 sf of rentable space per floor, is being marketed in the $13 per sf to $18 per sf triple net, with about $6 per sf for operating expenses.