Perkins Building Renovation Nears Completion

TACOMA, WA-Renovations on Tacoma’s Perkins Building are nearing completion, turning the historic landmark into a class A office building. Owned by partners Bob Hollister and Gary Bodenstab, the building features 68,000 sf of rentable space and is located at 1101 ‘A’ St., near the edge of Downtown Tacoma. Ross Peyton, a broker for listing agent Colliers International says the $7-million project, underway since summer, is slated for completion during the first quarter of 2001.

No leases have yet been signed, but Peyton says he has fielded significant interest from potential tenants ranging from dot.com companies to law offices and financial services firms. “I think one of the biggest attractions is the exposed brick, high ceilings and character that the building offers, along with amenities that come with a class A building, notes Peyton. “The building will definitely be wired for high-tech companies and the rates are a lot less expensive than what you can find in Seattle.”

Office space in the eight-story building, with 8,500 sf of rentable space per floor, is being marketed in the $13 per sf to $18 per sf triple net, with about $6 per sf for operating expenses.