News
TECH TENANTS CRAVE FLEXIBILITY
April 24, 2012
| If you could be any tech company right now, which would you choose? (We lean toward any company that builds robots.) PCCP partner Bryan Thornton, one of our all-star panelists at the Seattle Tech Real Estate Summit at SAM this Friday (register here!) would be Google. Why? | |
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| Call it creative flexibility. "They spend so much money chasing ideas that aren't part of their core mission," Bryan says. Apparently the food's not bad, either: "Whenever I meet one of Google's tech facilities people, they talk more about their chefs than they do about anything related to real estate."Bryan may be based in San Fran, but he's a Seattleite by osmosis now that he makes the 90-minute flight about every three weeks. Right now Bryan's most involved with leasing 705 Fifth Ave South, the former Amazon building that was left tenant-less when the company moved to South Lake Union. The building has all the on-site amenities tech tenants want, Bryan says: "We have views, an onsite building conference room, a fitness center and bike parking. We have coffee and food—most importantly, coffee." | |
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| Though Bryan prefers to keep mum on how much of the building has been leased, "we've seen tremendous activity," he says. "We're very pleased with the tenant interest." PCCP also owns a complex of 11 two-story office buildings in Tukwila and holds loans on several multifamily projects in South Seattle. When Bryan's in town, he enjoys wandering through Pike Place Market and dining out in Belltown. (Now you know his whereabouts if you want to sneak a picture or get an autograph.) "The urban retail environment in the Seattle CBD is always nice to experience," he says. |
