The rental rate for the office space will be in the neighborhoodof $32. Completion is projected for June 2001. Holloman and hisfellow CBRE brokers Oscar Oliveira and Tim Owens are the property'sleasing agents. None of the space has been preleased yet, butHolloman tells GlobeSt businesses find the Kirkland centralbusiness district appealing, in part due to the absence of abusiness & occupation tax. "Although the market has softenedsome from six months ago, there's quite a bit of demand and lowvacancy rates (in Kirkland)," says Holloman.
The project is being developed on a former residential site. TWSDevelopment, owned by Tom Singleton, is partnering with Gary Jezekon the project. The general contractor is Construction AssociatesInc. of Mountlake Terrace. The project's architect is Ruhl-Parr& Associates of Bellevue.
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