The main STG building at 11710 S. Gambell St. in Anchorage is a Steel/Concrete office, approximately 10,000 SF, built in 2011. Separate but in the same yard are two Steel/Concrete industrial shops, both around 5,000 SF each and a modular wood/steel office building of about 400 SF.
Forest Office Park
Calista Real Estate has acquired two of the seven office buildings in Forest Office Park. This charming wooded office park is located near the Bellevue CBD and will be a prime location for redevelopment in the not too distant future. Buildings E and F were built in 1988 and are wood-framed construction. Rentable square footage of the two buildings is 10,606 and 12,743, respectively. Users are primarily medical practitioners. Both buildings have updated finishes in the recently remodeled lobbies and restrooms and both offer storage room amenities. The buildings are 100% occupied with no vacancy.
Federal Way, WA
Ridgewood Center is a 31,757 square foot Class A office building located in Federal Way, Washington. The concrete framed building was constructed in 1989 as the executive office for Weyerhaeuser Company, as such the interior boasts fine wood finishes and four corner balconies. In 2006 the lobby and parts of the core were remodeled to convert the single-occupant building into a functional multi-tenant building. Occupants of the building enjoy the gym/locker room facility, a covered garage and storage units. Tenants also have access to the shared conference room in the neighboring building. These features along with the wooded setting and nearby retail amenities make for an appealing work environment. Easy access to I-5, the nearby airport, public transportation and hotels make this building logistically attractive to businesses.
The building is 100% leased.
Bell Towne Center
Bell Towne Center was purchased in late 2019 by Black Brandt. Bell Towne Center is a 4-story office/mixed-use building which was constructed
in 2001. Its robust steel framing (exposed in some areas) and exterior concrete masonry walls with EFIS provide interesting architectural features. Consisting of 45,836 RSF located in the heart of downtown Lacey, Washington, tenants enjoy the conveniences of nearby I-5, the transit center and local restaurants and retail. All tenants are office users except for the ground level tenant who is a thriving Anytime Fitness gym, a bonus for employees who choose to sign-up. Available to
all tenants, the third floor includes a large shared conference room with an ample sized kitchen. Approximately 10,000 RSF is available for lease.
Calista Real Estate purchased the retail portion of The Civic mixed use development in 2015. The Civic was constructed in 2005-2007 and is located just west of the heart of the CBD and is comprised of two towers—one residential condominiums and the other affordable apartment housing. Calista’s retail property is at the base of each tower with a total of 40,035 RSF. Calista also owns the P1 Retail level of the parking garage and enjoys additional income from this portion of the property. Residents and retailers alike enjoy the Max light rail station and Providence Park stadium that are located just across the street from Civic. Providence Park is home to the Timbers and Thorns pro soccer teams. Two major tenants will be joining Civic soon: MOX Boarding House on Burnside Road, and Oregon Sports Authority next to Providence Park Stadium.
Vancouver Square Building C is part of a three-building office complex in Vancouver, Washington. The 18,128 square foot building was constructed in 2008 and was purchased by Calista Real Estate in 2014. The building is aesthetically pleasing with its red brick veneer construction. It is occupied by American Red Cross on the first floor. The second floor is available for lease. Vancouver Square is conveniently located next to the Vancouver Mall and other retail strip centers. Freeway access is less than a mile away.
The Nome Tent, located at 158 Prospect Street, Lot 6, in Nome, is a polyethylene fabric tent over a steel frame and is approximately 7,000 SF. The tent fabric is new in 2017. The lot that the tent is on, is 57,000 SF and is zoned industrial.
Our Inverness property is a Black Brandt joint venture, where we are a 50% owner. The square footage is 72,427, and the users are primarily data and communications companies. Currently, approximately 17,000 RSF is available for lease.
Colorado Springs, CO
Chapel Hills is also a Black Brandt joint venture, where we are a 50% owner. Square footage is 69,287 and this is a call center leased to T-Mobile.
Black Brandt/joint venture - 50% owner
24,600 square feet, leased primarily to Veolia Transportation Services.
Calista Medical Plaza
The recently re-named Calista Medical Plaza is located on the east side of Portland in the Gateway District. This concrete building was constructed in 1985 and was once part of the hospital across the street. Although the occupants are primarily medical in nature, Calista Medical Plaza is no longer associated with the hospital. The lobby and restrooms were recently remodeled giving the building a much-needed update. The building is currently fully-occupied.
International and C Building
The International and C building, located in mid-town Anchorage, houses the headquarters of Calista Corporation, and several other office tenants. This building is approximately 100,000 square feet of Class A office space and was constructed in 2014. Calista Real Estate owns 26% of the International Office Building, LLC, which owns this property.
Calista Real Estate owns a small interest in JL Denali Tower, LLC. This seventeen-story, 145,000 square foot tower, located in mid-town Anchorage, houses the headquarters for GCI, a telecommunications company, as well as other office tenants.