The recent topping-off of Bellevue’s newest medical office building has been followed by the signing of its first tenant. Proliance Orthopaedics and Sports Medicine signed a 10-year lease for 12,000 SF on the 7th floor, with the option to expand to 18,000 SF.
Paul Carr, Steven Perovich and Tim Owens of CB Richard Ellis represented the building owner, Healthcare Realty, in the negotiations. Eric Blohm represented Proliance.
“We are thrilled Proliance chose this new facility to relocate and expand their flagship Bellevue location,” stated Amy Poley, Vice President of Real Estate Investments for Healthcare Realty. Poley and CBRE also noted there are multiple parties who are in negotiations for tenancy, including one full-floor user, and should be able to make those announcements later in the year.
Proliance’s move to Overlake Medical Pavilion will not disrupt their connectivity with Overlake Hospital. Overlake Medical Pavilion will be directly wired to the hospital to facilitate hospital/clinic communications for all practices in the building.
The 190,000 SF high-rise medical office building, located at 1231 116th Ave. NE in Bellevue, is still on schedule for LEED© Silver certification.