Holgate Square
Holgate Square was designed and created to fill an underserved void in Seattle’s Industrial Flex market. The idea being that smaller businesses needed more Flex space where they could office, warehouse, fulfill and ship without having to go to traditional industrial markets like the Kent Valley. Puget Properties acquired the site which was previously home to VECA Electric. We designed, entitled and developed the property in 2010. Holgate Square is known for its very low vacancy rates and high tenant retention. The project is comprised of addresses 920 S. Holgate, a 10 unit, 15,000 square foot commercial condominium building, 1756 Airport Way S., a 3,250 square foot office/warehouse building, 1762 Airport Way S., a 5,300 square foot office/warehouse building and 1770 Airport Way S., a 3,250 square foot retail/office building. Located just a few blocks away from Seattle’s Stadium District and even closer to various on and off ramps serving I-5 and I-90, Holgate Square is ideally situated in the vibrant Seattle Sub Market of SODO. Holgate Square spaces have abundant natural light, soaring ceilings, roll up doors and a safe and secure gated parking lot. Our project Architect was Steven Johnson with Johnson Oaklief Architecture and Planning and our General Contractor was Anderson Construction Group (ACG).
The Hathaway Building
Located in the highly desirable Seattle Sub Market of Georgetown, Puget Properties acquired this office asset in 2015. The Hathaway Building was previously a single tenant building which housed the jewelry company Simon Golub and Sons who at the time were downsizing. Upon the previous owners vacating the building, Puget Properties set about a complete gut and revamp of this entire 40,000 square foot building. Built in the early 80’s all finishes, offices and 40,000 square feet of out dated ceiling tile were removed to make way for a more contemporary fit and finish. Starting with the common areas, we added beautiful Indian Slate for all main floor common halls and stairways, custom finishes in all bathrooms, a beautiful new steel and slate staircase and updated lighting, electrical and HVAC throughout. All tenant spaces feature 13’ ceilings, exposed duct work and private kitchens with stainless steel appliances. All TI work was performed in house and the quality shows tremendous pride of ownership. We disposed of this asset 3 years later setting a record for highest price paid per square foot in Georgetown.
