Pacific Medical Centers Signs 30,000 Square-Foot Lease at Woodlands Technology Campus in Bothell, Washington
Seattle-based Pacific Medical Centers has leased 30,000 square-feet in Building One of the Woodlands Technology Center (WTC) at Canyon Park Business Center in Bothell, Washington, owned by TIAA-CREF, a financial services organization and one of the largest institutional real estate investors in the United States. CB Richard Ellis is the on-site development manager and exclusive leasing agent for WTC.
Bothell, WA, April 22, 2009 --(PR.com)-- Seattle-based Pacific Medical Centers has leased 30,000 square-feet in Building One of the Woodlands Technology Center (WTC) at Canyon Park Business Center in Bothell, Washington.
The lease tops off occupancy in the new Class A building owned by TIAA-CREF, a financial services organization and one of the largest institutional real estate investors in the United States. CB Richard Ellis is the on-site development manager and exclusive leasing agent for WTC.
Woodlands Technology Campus is a four building, 700,000 square-foot urban Class A development situated on 35 acres of meadows, trees, ponds, and streams. In addition to its natural setting, WTC includes state-of-the-art telecommunication and data services, easy freeway access, plentiful parking and close proximity to Seattle, Bellevue and Everett.
Pacific Medical Centers is a network of outpatient clinics that provides a broad range of healthcare services to the greater Seattle area. Bucking the national business-growth deceleration, the company is expanding its footprint in the Puget Sound region with this new Canyon Park location.
"The expansion to the first-class Woodlands Technology Center is a major focus in ‘09," said Karyn Beckley, vice president, Marketing and Administrative Services, Pacific Medical Centers. "The newly constructed location brings our brand to a new group of patients and allows us to offer specialty services in a convenient and appealing campus-like setting." Pacific Medical Centers plans to open its Bothell branch in January of 2010 and will occupy the entire 3rd floor of Building One.
WTC’s Phase Two construction (three buildings, 620,000 SF combined) is fully entitled and is LEED-Silver registered. Building Two offers 125,000 square feet, is permit ready and can be completed in less than 12 months. Flexible site design options are available for high-tech, life science or traditional office space users seeking a strategic location, fiber optic redundant infrastructure and lifestyle amenities. WTC is designed by internationally renowned Mulvanny G2 Architecture,
“What we’re seeing, in today’s unpredictable business climate, is an increased interest from companies seeking out suitable locations offering solid infrastructure and convenience,” said Scott Davis, senior vice president of office/high-tech properties for CB Richard Ellis. “Woodlands Technology Campus offers value and innovative options for forward-thinking companies.”
“We are pleased to have Pacific Medical Centers as a tenant,” said Keith Awad, Director, Real Estate Asset Management, TIAA-CREF. “We look forward to continuing to work with CB Richard Ellis to continue to bring value to Pacific Medical Centers and all of our tenants at Woodlands Technology and to our clients.”
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2007 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices).
For more information on Woodlands Technology Campus visit: http://www.woodlandstechnologycampus.com/
About TIAA-CREF Global Real Estate
TIAA-CREF is one of the largest institutional real estate investors in the United States, with an approximately $63 billion global portfolio of direct and indirect investments (12/31/08). TIAA-CREF originated its first commercial mortgage in 1934 and began direct investment in commercial real estate in 1947. Today, on behalf of individuals, public and private institutions in the U.S. and abroad, TIAA-CREF Global Real Estate directly owns over $19 billion (12/31/08) of primarily high-quality properties in the office, retail, industrial and multifamily sectors across the U.S., Canada and Western Europe. TIAA-CREF is a national financial services organization and the leading provider of retirement services in the academic, research, medical and cultural fields with $363 billion in combined assets under management (12/31/08).
TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.
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The lease tops off occupancy in the new Class A building owned by TIAA-CREF, a financial services organization and one of the largest institutional real estate investors in the United States. CB Richard Ellis is the on-site development manager and exclusive leasing agent for WTC.
Woodlands Technology Campus is a four building, 700,000 square-foot urban Class A development situated on 35 acres of meadows, trees, ponds, and streams. In addition to its natural setting, WTC includes state-of-the-art telecommunication and data services, easy freeway access, plentiful parking and close proximity to Seattle, Bellevue and Everett.
Pacific Medical Centers is a network of outpatient clinics that provides a broad range of healthcare services to the greater Seattle area. Bucking the national business-growth deceleration, the company is expanding its footprint in the Puget Sound region with this new Canyon Park location.
"The expansion to the first-class Woodlands Technology Center is a major focus in ‘09," said Karyn Beckley, vice president, Marketing and Administrative Services, Pacific Medical Centers. "The newly constructed location brings our brand to a new group of patients and allows us to offer specialty services in a convenient and appealing campus-like setting." Pacific Medical Centers plans to open its Bothell branch in January of 2010 and will occupy the entire 3rd floor of Building One.
WTC’s Phase Two construction (three buildings, 620,000 SF combined) is fully entitled and is LEED-Silver registered. Building Two offers 125,000 square feet, is permit ready and can be completed in less than 12 months. Flexible site design options are available for high-tech, life science or traditional office space users seeking a strategic location, fiber optic redundant infrastructure and lifestyle amenities. WTC is designed by internationally renowned Mulvanny G2 Architecture,
“What we’re seeing, in today’s unpredictable business climate, is an increased interest from companies seeking out suitable locations offering solid infrastructure and convenience,” said Scott Davis, senior vice president of office/high-tech properties for CB Richard Ellis. “Woodlands Technology Campus offers value and innovative options for forward-thinking companies.”
“We are pleased to have Pacific Medical Centers as a tenant,” said Keith Awad, Director, Real Estate Asset Management, TIAA-CREF. “We look forward to continuing to work with CB Richard Ellis to continue to bring value to Pacific Medical Centers and all of our tenants at Woodlands Technology and to our clients.”
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2007 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices).
For more information on Woodlands Technology Campus visit: http://www.woodlandstechnologycampus.com/
About TIAA-CREF Global Real Estate
TIAA-CREF is one of the largest institutional real estate investors in the United States, with an approximately $63 billion global portfolio of direct and indirect investments (12/31/08). TIAA-CREF originated its first commercial mortgage in 1934 and began direct investment in commercial real estate in 1947. Today, on behalf of individuals, public and private institutions in the U.S. and abroad, TIAA-CREF Global Real Estate directly owns over $19 billion (12/31/08) of primarily high-quality properties in the office, retail, industrial and multifamily sectors across the U.S., Canada and Western Europe. TIAA-CREF is a national financial services organization and the leading provider of retirement services in the academic, research, medical and cultural fields with $363 billion in combined assets under management (12/31/08).
TIAA-CREF Individual & Institutional Services, LLC, and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products.
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Contact
CB Richard Ellis
Barbara Travers
206 528-8008
www.cbre.com/EN/
Barbara Travers
206 528-8008
www.cbre.com/EN/
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