94,000 square feet on the Kent Valley’s primary arterial roadway should have been a recipe for success. This wasn’t the case in 2004 when the Kent Business Center was struggling with a 37% (and growing) vacancy rate.
WHAT WE DID
Trinity did what Trinity always does, assess the unique issues at this location and apply 100 plus years of real estate investing experience to find a solution.
Trinity made the needed base building upgrades to increase the functionality, as well as aesthetic appeal. To increase the tenant appeal, a small common lobby area was also added. Trinity then targeted a 30,000 square foot standalone building within the center for lease by larger tenants.
Trinity oversaw the transition to new joint venture partners, new construction plans and ensured the design work was completed.
In 3 years the occupancy rate went from 60% to 90% and the investors went from frustrated to rewarded with a 21% IRR.
SERVICES WE PROVIDED:
FROM UNDER ACHIEVER TO TOP PERFORMER
By making it more useful for more businesses, we turned almost a million square feet into a multimillion-dollar opportunity.
LINCOLN SQUARE - BIG SOLUTIONS FOR A BIG PROJECT
With 1.3 million square feet behind schedule and over budget the solution was simple - call Trinity.
MARLBOROUGH HOUSE - A REMODELED CLASSIC
Some people see a half-renovated, 1920s apartment building with mold issues and call it a mess. We called it 12 floors of opportunity.
SEATTLE TOWER LANDMARK FINDS NEW LIFE
We liked our renovation of this downtown icon so much that we moved in. Investors were happy with the results, too.