Unigard Insurance Opens New Office Park With Very Little Space Left

BELLEVUE, WA-The Unigard Park Phase III office campus in Bellevue is in the final stages of completion. Its first tenant, Centris, a provider of technology space to individual tenants, occupied its space yesterday. The 46-acre complex at 15805 NE 24th St. holds nearly 180,000 sf of office space in four, three-story 45,000-sf buildings.

Conceived nearly ten years ago by the site’s former owner, John Hancock Mutual, Unigard Insurance Company purchased the property in 1994 and moved the project forward. It took “nearly five years to obtain entitlements and build,” says E. Craig Suhrbier, president of SUHRCO Management in Bellevue, the property’s developer, leasing agent and manager. According to Suhrbier, Unigard is not releasing the development’s cost.

In addition to Centris, other key tenants include, EMC Corp., a Fortune 100 data storage company, ADITI Co., and Unisys Corp. Only 15,000-sf of space remain available for lease at $27/sf net. The remainder of signed tenants will occupy their respective offices as tenant improvements are completed. “It’s nice to be near completion after all this time,” says Suhrbier.