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SEATTLE-Equity Office has expanded the duties of two of its local executives, one in leasing and the other in property management. Roger Wright and James Long are now managing directors responsible for the company’s 4.5-million-sf Eastside portfolio.Wright previously served as a leasing director. As managing director, he will be responsible for overseeing all leasing activity for the company’s Eastside portfolio, which includes downtown and suburban Bellevue, the Interstate 90 Corridor and Renton submarkets. Prior to joining Equity Office in 2000, Wright was a leasing director at Wright, Runstad & Co., where he managed a staff of five people with leasing and marketing responsibility for about five million sf of Downtown office space.Long was previously general manager of Equity Office assets along the I-90 Corridor. He has been with the company for more than seven years. In his new role, Long will be responsible for the operations and management of the company’s Eastside portfolio. The news follows significant leasing gains in the Bellevue CBD over the past several months, most of it in EOP-owned buildings. During the third quarter, the Bellevue CBD saw its vacancy rate fall a whopping 34% or 717 points, from 20.93% to 13.76%, giving it a lower vacancy rate than Downtown Seattle for the first time since the fourth quarter of 2000. Leading the leasing were Safeco spin-off Symetra Financial and Drugstore.com, which leased a combined 342,256 sf in the Bellevue CBD, all in EOP-owned buildings. Indeed, the submarket is almost solely responsible for the Eastside’s 520,000 sf of positive absorption–the most absorption since the first quarter of 2001–that dropped overall Eastside vacancy by 13% or 202 points, from 15.76% to 13.74%.

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