The tenant situation in the building is a bit confusing. Upon its completion several years ago, Bob Gerding and partners leased the building to Pacific Gas Transmission for its headquarters. Several months ago, Pacific Gas subleased space to an Enron subsidiary, which now has the space on the sub-sublease market. Enron reportedly has four years left on its lease, and Pacific Gas reportedly has nine years left on its lease.
Add to all that rumblings that the consulting firm Dave Evans & Associates may have already signed on for 55,000 sf in the building. Early last week, prior to the close of the sale, Dave Evans told GlobeSt.com "we're spread among four buildings right now and that's a nice location," he said, adding "there's nothing finalized that I'm aware of."
Gerding is one of the principals involved in the redevelopment of the Brewery Blocks on the opposite corner of Downtown. Schnitzer Investment and Schnitzer Northwest has numerous office and industrial holdings throughout the Northwest. GlobeSt.com will update this story as soon as more details become available.
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