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.