X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SPOKANE, WA-Local developers Avista Development Inc. and Wells & Co. are spending $4.6 million to turn the former Rodeway Inn City Center into high-tech office suites. The three-story facility, to be called Courtyard Office Suites at Steam Plant Square, was purchased by Avista Development several years ago as part of a clean-up effort for the adjoining Steam Plant Square redevelopment project that Avista Development recently completed.

Kim Pearman-Gillman, senior vice president for Avista Development, says that like Steam Plant Square, Courtyard Office Suites will feature small, flexible office space that will be targeted to start-up dot.com companies, as well as graphic artists, attorneys and anyone else looking for a small, affordable office space that features the latest in high-tech wiring.

“Small companies want to start out small but they want this big address and a fancy environment,” says Pearman-Gillman. “This gives them the small space they need to get started, and enables them to share things like conference rooms and reception areas. It also provides them with unlimited bandwidth.”

Renovation on the building, located in Spokane’s downtown Davenport art district, is underway, with completion expected next fall. Pearman-Gillman says lease rates are expected to range from $15 to $20 per sf, with additional costs associated for high-tech wiring to be distributed among the tenants.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.