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Kore US Reit completes full-floor spec-suite development at Washington property
The Business Times reports that Kore US REIT completed The Post, a 15,400-square-foot suite project at 10800 The Plaza Buildings in Bellevue, Washington. Three of its six suites were leased before completion, according to the manager. The development includes shared amenities and work areas aimed at small and midsized tenants.
This is the REIT's fourth project of this type occupying an entire floor. Management says ready-to-use suites can shorten vacancy periods and reduce tenant fit-out costs, and reports full leasing at its three earlier projects. Interest in the remaining suites was described as strong, but those expressions of interest are distinct from completed leases.
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