- Stonebridge I & II were sought after by prospects seeking occupancy in the northwest submarket, but were fully leased for the last 18 months.
- Three Fortune 500 tech heavyweights occupy over 200,000 SF in the two buildings, totaling 54% of the project.
- The ownership wanted to accommodate the three creditworthy tenants’ expansion plans but were concerned about the possibility that one or all of the tenants could be lost due to the lack of immediate expansion space.
- The building parking was at a ratio of 1:770 SF, which was below average for the area. Parking rates were also below market and needed to be increased.