KIRKLAND, WA-With nearly every sf of Class A space in the Kirkland sub-market already leased, TWS Development Co. expects to quickly find tenants for its Kirkland Central Office Building at 625 Fourth Avenue. The local development company will break ground on the two-story 24,300-sf office building within the next two weeks, says Pete Holloman of CB Richard Ellis in Bellevue. The Kirkland Central building is the only office space of any significance set to come on line in the near future.

The rental rate for the office space will be in the neighborhood of $32. Completion is projected for June 2001. Holloman and his fellow CBRE brokers Oscar Oliveira and Tim Owens are the property’s leasing agents. None of the space has been preleased yet, but Holloman tells GlobeSt businesses find the Kirkland central business district appealing, in part due to the absence of a business & occupation tax. “Although the market has softened some from six months ago, there’s quite a bit of demand and low vacancy rates (in Kirkland),” says Holloman.

The project is being developed on a former residential site. TWS Development, owned by Tom Singleton, is partnering with Gary Jezek on the project. The general contractor is Construction Associates Inc. of Mountlake Terrace. The project’s architect is Ruhl-Parr & Associates of Bellevue.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.