Thirty-Eight gets first office tenant
Although construction doesnft begin for two more months, Locus Development LLC has already signed its first office tenant for its mixed-use, two-building development Thirty-Eight, named for its address on Commerce Avenue SW in the Heartside Business District.
Locus Development partners John Green and Andy Winkel revealed this morning that Adtegrity.com will move its entire operations and 26 employees from Cascade Township to 15,000 square feet on the second and third floors of the developmentfs office building.
gAdtegrity.com is the ideal tenant. Adtegrity.com is a catalyst for continued growth and the viability of this part of downtown,h said Winkel in a statement.
Adtegrity.com, which has been located at 5910 Tahoe Drive for the past three years, is expected to move into Thirty-Eight by the second quarter of 2010, and the move will give the growing firm enough space to double its number of employees.
gMoving to Thirty-Eight is a strategic move for Adtegrity.com. Itfs an innovative development and wefre an innovative company, so it just makes sense to position our firm in the center of downtownfs creative environment,h said Scott Brew, company president and CEO.
Brew said his four-year-old firm, which assists advertisers and web-site publishers with their online campaigns, recently completed its fourth consecutive quarter of record revenue. He also said Chris Beckering, an office advisor with Grubb & Ellis„ Paramount Commerce, played a vital role in helping his company find a new location that would accommodate the firmfs plans for future expansion.
gWefve experienced a tremendous amount of growth over the past 18 months, so this spring we connected with Chris and he introduced us to John and Andy. Nothing compares to what Thirty-Eight offers,h said Brew.
When Thirty-Eight is completed by the end of next year, the development will offer 68,000 square feet of office, residential and retail space across the two liner buildings and will be LEED certified. A city-owned seven-story, 360-space parking ramp is also part of the project. The office space will be in the building on Weston Street, while the residences will be located in the building on Commerce Avenue.
gBecause Thirty-Eight also offers residential units, people who work at Thirty-Eight could conveniently walk to their place of employment,h said Green.
Green and Winkel are considering installing a geothermal system to provide heating and cooling for the building.