• There were only three viable options within Spokane County,
of which only one met the client’s parking requirement.
• Toured all three existing locations as well as a few build-to-suit sites. After the tours had been completed, it was
concluded that with the cost of renovation, lack of existing
options with sufficient parking, and the client’s expansion
requirement, a build-to-suit building was the best option.
• To meet the required opening schedule, the client needed a
temporary location of 50,000 sq. ft. until the build-to-suit was
• The cost of a build-to-suit verses an existing option was only
a $1.50 per square foot in annual cost difference. In addition to
this, the tenant anticipates the operating costs will be far less
with new construction for the initial term of lease.
• Jeffreys, Johnson, and JLL negotiated a temporary lease with
an existing property for 50,000 sq. ft. to meet the client’s 300
employee year end hire requirement. Once the temporary
solution was completed, Jeffreys, Johnson, and JLL completed
the lease negotiations of a new, two story concrete tilt,
80,000-square-foot office building. This tenant will create 650
new jobs in Spokane County.
JON JEFFREYS, SIOR
TRANSACTION TYPE & DETAILS
TRANSACTION DATE: JULY 20, 2015
TRANSACTION TYPE: LEASE
BUILDING TYPE: OFFICE - CALL CENTER
BUILDING SIZE: 80,000 SQ. FT.
AGGREGATE RENT: $13,191,000
Nine months prior to this deal the tenant, represented by JLL, came to tour Spokane, Wash., to see if the area would be a
good fit for one of their bilingual call centers. While Spokane did
not meet their bilingual requirement, the client was impressed
with Spokane’s productive available labor force. Before the first
tour with the tenant, JLL interviewed and researched brokers in
Spokane. Jon Jeffreys and Jeff Johnson were awarded the co-broker assignment. They knew that having the SIOR designation
helped win the assignment and stand out against other brokers.
• Locate an 80,000 sq. ft. building with eight-per-thousand
parking within Spokane County.
• Be operational within a six month time frame from the start of
the search process.
• Find a building that could be expanded to meet their needs as
the company grew.
JEFF JOHNSON, SIOR