Back to stories

Vance Building

Consistent with its LEED-EB Gold certification, Kidder Mathews continues to manage and operate the building with an approach that increases building operation efficiency.

Project Outline

Located in Seattle's Central Business District core and built in 1929, the Vance Building was acquired in 2006 by the nation's first green smart growth investment fund focused exclusively on providing economic and environmental returns. Kidder Mathews was retained to manage and lease the 134,000-square-foot building, while supporting a $3.5 million structural and systems retrofit that included new windows, LEED-approved roof replacement, installation of weather stripping, mecco shades and light shelves, and lighting replacement.

Results

The building has been certified LEED-EB Gold. The Kidder Mathews team repositioned and marketed the building featuring the asset's proximity to mass transit, dense retail amenities, and quality housing, while emphasizing ownership's and management's commitment to environmentally sustainable operations. As a result, the Vance Building leased to 95% occupancy at rents commanding a $4 to $6 premium. Consistent with its LEED-EB Gold certification, Kidder Mathews continues to manage and operate the building with an approach that increases building operation efficiency, decreases expenses, increases marketability and leads to improved net operating income and value.

Back to top
Download printable case study

Services Provided

  • Property Management
  • Operations Management
  • Building Engineering & Maintenance