Washington Securities is a real estate and development firm. Onehalf of the pre-fabricated, two-story building will be complete inOctober. The rest pf the steel-framed, stucco-finished structurewill be complete by the end of the year. The project includes 200parking spaces.

The property is located just west of Andresen Road, near SR 500,a main route between Interstates 5 and 205. The company could notbe reached for additional comment on potential tenants, but is saidto be talking with several parties interested in leasing space,including the U.S. Social Security Administration.

Last month, The Bonneville Power Administration leased nearlyall of Two Park Place, an 84,000-sf office building here at 7500N.E. 41st St., and acknowledged plans to lease space in a few otherbuildings in preparation for a surge of work connecting new powerplants to the power grid. The other buildings include One ParkPlace, 2100 N.E. Parkway Drive, Parkway Plaza and Park Plaza I& II.

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