By Meghan Hall
As Bothell itself grows and expands, benefitting from the region’s tech boom as it spreads from Seattle to the Eastside and north, local municipalities are doing their best to prepare for future influxes of employees — and in this case — possibly students. According to Snohomish County public documents, the Northshore School District’s Capital Projects team has purchased Canyon Park Commons IV, currently home to AT&T, for $18.265 million in a deal that closed at the end of April. The seller was Chicago-based EQ Office, a real estate construction, design and operations firm.
The building, located at 2020 224th SE., is 100 percent leased, according to the Canyon Park Portfolios website. The greater Canyon Park Portfolio consists of 10 office and flex buildings, and have large floor plates ranging from 20,000 to 30,000 square feet.
The site is nestled toward the back of the business park, adjacent to the North Creek Trail; other companies from the Bothell Gymnastics Club, 3WireGroup and Leviton Network Solutions occupy surrounding buildings. Other major companies nearby include Lockheed Martin, Thermo Fisher Scientific and Kinesis. The property is also just off of Interstate 405, and a shopping center anchored by a QFC, as well as several eateries such as MOD Pizza, is nearby.
EQ Office has assets all around the country, ranging in size to accommodate companies with less than 50 employees to those with more than 1,000. Some of its notable properties include 100 Sumner in Boston and One Lincoln Center in Chicago. As well as acting as a property owner, the firm offers its assistance to companies in planning, designing and financing the build-outs of their spaces.
The Northshore School District Capital Projects team, based in Bothell, consists of instruction staff, architects and engineers that work to develop facilities for the district’s students. The team oversees the planning, design and construction of schools and administrative facilities. In October of 2018, Northshore celebrated the groundbreaking for a new elementary school that will serve 500 students and open in the fall of 2020. The school district is also working to expand Ingelmoore High School as well as Skyview Middle School and Canyon Creek Elementary through the construction of a multi-use building with 30 classrooms.