Grandridge Business Park completes final building
Construction of the final building that completes the original investors’ vision for the Grandridge Business Park in Kennewick is done.
The new three-tenant 19,600-square-foot building has two tenants so far: CliftonLarsonAllen, a business providing wealth advisory, outsourcing, audit, tax and consulting services, and Ticor Title, a title and escrow company.
The building was substantially completed May 1.
CliftonLarsonAllen moved in May 1. Ticor’s space was scheduled to be completed for a June 1 move-in date.
The third space is available for lease at $25 per square feet plus triple net. It also includes a tenant improvement allowance.
Known as the GR 1 Building because the ownership entity is GR 1 LLC, the building’s name breaks down like this: “GR” stands for Grandridge and “1” is for Lot 1 of the Grandridge Business Park.
This single-story multi-tenant building is situated on the last of six lots within the business park, which was acquired 12 years ago as eight undeveloped acres with a vision to develop a Class A business park. The park has five buildings and more than 80,000 total square feet of office space.
The project total was $5.5 million, including land.
The investors’ vision was to develop a business park/campus with timeless building design standards, so, in applicable situations, investors could enjoy consistent appreciation of any owned assets within the development.
Kirt Shaffer of Pasco’s Tippett Co. is managing the project. Over the years Tippett Co. has managed multiple commercial office projects, business park developments and light industrial business centers.
The general contractor was Chervenell Construction of Kennewick.
The architect was Archibald & Co. Architects of Richland.
For leasing information contact Shaffer at 509-545-3355 or 509-521-9183.
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