Colliers International's Tony Ford and Joe Riley represent the tenant in 20,284-SF lease
SEATTLE – – Construction management, architecture and engineering firm OAC Services, Inc. (“OAC”) recently committed to a new, long-term lease at 2200 1st Avenue South in Seattle, WA. Colliers International’s Tony Ford and Joe Riley acted on behalf of OAC in the transaction, while JLL represented the building owner as agent.
OAC will move more than 60 professionals to 2200 1st Avenue South from its current 701 Dexter Avenue North, Lake Union location by mid-summer. The new space, designed by SKB Architects, will feature an open floor plan that fosters creativity and collaboration, hoteling options for floating professionals, and dual-purpose space for training and events. OAC also has room for planned growth in the future.
OAC chose 2200 1st Avenue South for a number of reasons, including its industrial, cool vibe and proximity to the east side of Puget Sound via Interstates 90 and 5. Determining the building was the best fit for the company’s needs required a comprehensive and detail evaluation of the firm’s goals and objectives, according to Mr. Ford. “Before looking into real estate options, Colliers worked closely with OAC to understand its employee demographics, client locations, cultural requirements and internal interactions — all of which impact both how much and what kind of space is needed. The building at 2200 1st Avenue South was the ideal solution to the firm’s real estate requirement, ensuring a best-in-class experience for staff and clients in a property that speaks to OAC’s approach to business.”
The transaction for the space at 2200 1st Avenue South required careful timing as ownership’s plans to expand and refurbish 701 Dexter necessitated the termination of OAC’s current lease in the building. The Colliers team worked with OAC’s in-house real estate group to efficiently navigate the various steps of the space analysis, site selection and acquisition processes, while also negotiating the termination transaction. “Teamwork, decisive decision-making and market knowledge helped achieve all of OAC’s goals for its new location,” stated Mr. Riley.
“Collaborating with Colliers International – especially Tony Ford and Joe Riley – for our new headquarters offices in SoDo has been an experience in how real estate can complement a company’s values,” said Shawn Mahoney, managing principal of OAC. “We have found and are now creating a new environment for our employees that is the best possible reflection of who we are as a company. Colliers was an essential partner in this endeavor and we value and appreciate all their help in achieving our objectives for our new home.”
About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 12,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.
Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter (@Colliers) and LinkedIn.
About OAC Services, Inc.
An employee-owned company headquartered in Seattle, WA, OAC Services is a leading, award-winning construction management, forensic architecture and engineering, structural engineering and building envelope consulting company with more than sixty years of history. With offices in Spokane and Olympia, WA, and Los Angeles, San Diego and Silicon Valley, CA, OAC continues to grow and work to improve the built environment. As a company, OAC has transformed owner’s representative services and helped define how project management is applied to the design and construction industry. Our firm’s forensic team has translated knowledge gained from 25 years of taking thousands of buildings apart to counsel owners and builders on how to build better. Consistently voted one of the best places to work, OAC serves clients and communities as trusted partners to design, build and improve where people live, work, learn and play.
For more information about OAC, please visit oacsvcs.com.
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