SEATTLE-Five tenants have signed on for 28,000 sf in the Pacific Building over the past month or so, according to the brokerage firm with the leasing assignment. Located Downtown at 720 Third Ave., the 130,000-sf class B building is owned by LHT Corp. It was built in 1970 and renovated in 1998. The leases, which include three full-floor deals, take occupancy in the 23-story building to 86%.BMC Corp., a Los Angeles-based collection agency opening its first location in the city, leased the 8,226-sf top floor of the building. Qualifacts Systems, a medical software company also from outside the market, leased the 8,352-sf 8th floor. A Dot Corp., an engineering firm relocating from within the market, leased the 8,225-sf 11th floor. Two other local companies, the construction firm CDR Consultants and lender L&L Financial, signed leases for between 1,500 sf and 2,000 sf.The leases, all for between three and seven years, were brokered by Tim Foster, Chris Kagi and Jeff Huntington of Colliers International, which was handed the leasing assignment in February. Kagi tells was able to secure the tenants by offering a very competitive rate in the mid-teens per sf per year for full floor space with Puget Sound views, which accounts for a $10 per sf tenant improvement allowance. “The view coupled with the rate gave us a unique advantage,” he says.Looking forward, Kagi says the number of businesses looking for space in the market is encouraging. “At 1700 Seventh, one of our other listings, we have 56,000 sf available and, although we haven’t inked any deals, we are seeing a ton of activity on all of that space,” he says. “We are predicting it will be gone by the end of the year.”

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