The brick and glass building has four tenants and is 83% leased.Koninklijke Philips Electronics NV, a global electronics company,leases 119,999 sf or approximately 61% of the building. Thecompany's lease, which expires in June 2012, includes onethree-year extension option.

Edelman, a public relations firm, leases 20,822 sf orapproximately 11% of the building. Its lease, which expires inAugust 2014, includes an option to negotiate a renewal during thesecond to last year of the lease term based on then-current marketrates. The remaining lease space is leased to two retail tenants,one of which is West Travel Inc., also known as Cruise West.

"The property's immediate neighborhood is experiencing dynamicgrowth that includes high-end residential and mixed-use projectsthat will further enhance the area's progression into a live-worklocation," says Hines REIT president Charles Hazen.