Milgard Manufacturing Makes a Strategic Move to Class A in Downtown Tacoma
November 14, 2023 – Tacoma, WA – Lee & Associates is pleased to announce the successful facilitation of a 19,908 square foot office space sublease at 1498 Pacific Avenue, Tacoma. Harrison Laird and John Bauder, representing Sound Physicians, have effectively brokered this sublease to Milgard Manufacturing. The lease is scheduled to begin on February 1, 2024.
1498 Pacific, a Class A office building located in the heart of downtown Tacoma, was recently acquired by private investors for $6.9 million, as reported in September 2023. This building is notable for its modern amenities and strategic location, and is one of six Class A office properties within the city.The decision by Milgard Manufacturing to relocate to this location aligns with their objective of situating in a vibrant urban environment, beneficial for their employees and business operations.
“This deal signifies more than just a leasing agreement; it’s a strategic move for Milgard, positioning them in the heart of Tacoma’s bustling downtown. It’s a win-win, bringing new energy to the area while providing Milgard with a space that fuels their long term plans”, said Harrison Laird.
Bauder added, “We are witnessing an increasing interest in high-quality spaces like 1498 Pacific, and we’re thrilled to facilitate such important transactions that shape the city’s future.”
This sublease agreement marks a significant step for both Sound Physicians and Milgard Manufacturing, aligning with their respective business strategies.
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Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients.