Big lease for Pacific Tower sets stage for Seattle Central health-training center
The iconic Pacific Tower, which has been mostly empty since Amazon.com moved out in spring 2011, will become home to Seattle Central Community College health-training programs and several nonprofits under a 30-year lease signed by the state Commerce Department.
Seattle Times business reporter
The iconic Pacific Tower, which has been mostly empty since Amazon.com moved out in spring 2011, will become home to Seattle Central Community College health-training programs and several nonprofits, officials said Tuesday.
The state Commerce Department has signed a 30-year lease for the Pacific Tower that begins Jan. 1, 2014, and will sublease the space to the college and the other tenants, said Jeff Natter, executive director of the Pacific Hospital Preservation and Development Authority (PDA).
“We’ll be opening up a bottle of sparkling cider,” Natter said in an interview Tuesday. “This is a very exciting day for the PDA, for the state, for Seattle Central and everyone who’s going to benefit from the extraordinary nursing care that’s going to be generated from this program.”
The state will lease about three-quarters of the 274,000-square-foot Art Deco building at 1200 12th Ave. S., just above Interstate 90. Seattle Central Community College will occupy up to six floors, and the state will sublease the rest of the space to nonprofit agencies involved in health care and social services.
While some nonprofits could move in early next year, Seattle Central isn’t expected to move in until the fall of 2015, according to the Commerce Department. The college announced in April it wanted to place its nursing, dental, respiratory, surgical-technology and optician-training programs in the Pacific Tower.
Earlier this year, state House Speaker Frank Chopp played a leading role in including about $20 million in the state capital budget to support Seattle Central’s plan. The money is earmarked for renovations, and an additional $4.8 million in the state operating budget will cover lease payments and operating costs for the first two years.
The tower’s only current tenant is Pacific Medical Centers, a nonprofit clinical group that the authority spun off in 2003. Pacific Medical Centers has clinics in the tower’s basement and first floor; Natter said that lease runs through 2021.
Sanjay Bhatt: 206-464-3103 or email@example.com On Twitter @sbhatt