RE/MAX at 8200 W. Grandridge Blvd. in Kennewick soon will be welcoming new neighbors.
Prime Development Group, based out of Tumwater, Washington, is seeking tenants for a 10,000-square-foot professional building. Construction is expected to begin this spring.
“It’s a little more modern than the existing (Re/Max) building. It’s going to look pretty cool,” said Jeff Powell, owner of Prime Development.
“One of the things that’s going to attract tenants is that it’s positioned to have a nice view down the valley toward the river,” he said.
Lance Bacon, managing broker for Kiemle Hagood’s Kennewick office, reported good interest in the building so far, though pre-leases have yet to be signed.
Powell confirmed there is at least one likely tenant considering 4,000 to 5,000 square feet of the space. He anticipates three tenants will occupy the building.
Lease price is set at $24 per square-foot, triple net, or NNN, an agreement where the tenant agrees to pay all real estate taxes, building insurance and maintenance.
Bacon said a “generous tenant improvement package to build out the space” is available and the square footage can be divided down to as small as a 1,000-square-foot suite.
Prime Development is the general contractor. The building, designed by Pondera Architecture of Spokane, will feature modern design elements, including a shed- or butterfly-style roof with lots of large windows.
Powell noted a major selling point for the new building will be its high level of energy efficiency compared to existing spaces on the market.
The developers call the Grandridge-Center Parkway area prime land in the heart of what is known colloquially as the Grandridge professional services district, an area in northwestern Kennewick where the offices of many doctors, dentists, lawyers, insurance firms and financial service providers are located.
Prime Development made its debut on the east side of the state with the placement of one of its clients, RE/MAX, in a newer, more spacious facility.
Before RE/MAX moved in, the building housed Pacific Cataract and Laser Institute, which relocated to 6695 W. Rio Grande Ave. in Kennewick.
The three-acre lot at 8200 W. Grandridge features “a nice park-like environment,” Powell said. “And we’re going to keep it that way; we’re going to disturb very little landscaping.”
“In the summertime, it’s a really neat spot with a lot of trees, a lot of foliage, beautiful landscaping, really nice lawn, a really professional environment,” he added.
Powell said the new building will take advantage of existing infrastructure, such as a 110-stall parking lot, to reduce impact to the green space.
Ground has not yet broken for the project.
Bacon said the main focus right now is to secure tenants. Once Prime Development has ensured at least 50 percent occupancy, it will move forward with permitting and construction.
“I’m confident it will be filled 100 percent,” Bacon said.
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