Seattle-based real estate investment company Timberlane Partners has a new office on Capitol Hill. Timberlane purchased the 614 Boylston Ave E property for over $2.4 million in September. Shortly thereafter, the company began working towards office space renovations on the first level of the two-story building.
Despite its pristine exterior, the Boylston Ave E property is over a century old, having been built in 1906. It was purchased by the owners of brand design firm Phinney Bischoff in the mid-90s, and sold to Timberlane in 2021 after nearly three decades of ownership.
The homey Boylston Ave E building boasts over two dozen workstations and houses a handful of private offices. In November of last year, the company filed a permit to construct tenant improvements to the office spaces inside the building.
Timberlane Partners “has a reputation for turning run-of-the-mill rental properties into prime assets,” by purchasing and improving them, according to their website. UW alum Dave Enslow co-founded the company alongside business partner John Chaffetz in 2011.
Though Timberlane operates in multiple urban areas around the country, it stays true to its local roots — much of its work takes place here in Seattle. One such project is Felix Flats, a 36-unit apartment building being developed by Timberlane on Capitol Hill on 121 15th Ave E.
While areas of Pike/Pine have seen large projects developed to create new office space on the Hill, many smaller office opportunities continue to pop up even amid uncertainty about the future of in-person offices and remote work.
Facebook was overhauling work space in the Odd Fellows Building, and Capitol Hill tech firm Add3 is lining up the former R Place building for a new headquarters. Some projects have gone the other direction — the Pivot development at the base of the Hill on Pine near Melrose switched its plans from developing office space to dedicating the new building to lodging and apartments.
Meanwhile, the Timberlane deal most closely echoes the acquisition and development plans for Aeon Law on E Olive Way where the intellectual property firm plans new offices and a new coffee shop in an overhaul of a former acupuncture clinic.
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