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VANCOUVER, WA-A Kennewick, WA-based company is developing 36,000 sf of office space on three acres at Fourth Plain Boulevard and 65th Avenue. The $5 million project, by Washington Securities and Investment Corp., comes on the heels of the Bonneville Power Administration sucking up some 130,000 sf of office space in the city last month.

Washington Securities is a real estate and development firm. One half of the pre-fabricated, two-story building will be complete in October. The rest pf the steel-framed, stucco-finished structure will be complete by the end of the year. The project includes 200 parking spaces.

The property is located just west of Andresen Road, near SR 500, a main route between Interstates 5 and 205. The company could not be reached for additional comment on potential tenants, but is said to be talking with several parties interested in leasing space, including the U.S. Social Security Administration.

Last month, The Bonneville Power Administration leased nearly all of Two Park Place, an 84,000-sf office building here at 7500 N.E. 41st St., and acknowledged plans to lease space in a few other buildings in preparation for a surge of work connecting new power plants to the power grid. The other buildings include One Park Place, 2100 N.E. Parkway Drive, Parkway Plaza and Park Plaza I & II.

The BPA was reportedly shooting for 130,000 sf of space to house some 500 employees. About 290 BPA employees will be moving from offices in Portland. Another 120 will come from the BPA’s Ross Complex in Vancouver, and the rest will be hired. The moves will begin in October. By 2004, the agency hopes to construct its own large office building on Ross Complex property in Hazel Dell to accommodate its transmission line business.

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