CORFAC News

Seattle, WA (January 2, 2013) – The Andover Company/CORFAC International, a leading full-service commercial real estate provider serving the Seattle metropolitan market, today announced the completion of  a 36,615-square-foot office lease on behalf of Tyler Technologies at The Landmark East office project in Renton, WA.

Jim Bisset, the President and a Principal of The Andover Company/CORFAC International represented Tyler Technologies in the seven-year lease which commences in March 2013. Total lease consideration is $5.7 million.

The Landmark East building is located at 1601 East Valley Road in Renton and near the junction of the Valley Freeway (Hwy 167) and Interstate 405. Renton is 12 miles south of downtown Seattle. Built in 1987, the Landmark Project is comprised of two, 4-story buildings  -- Landmark East and Landmark West that are each approximately 137,000  square feet, or about 274,000 square feet in total.

Tyler Technologies subleased 11,000 square feet of expansion space on the first floor of Landmark East about three years ago (Bisset also managed that transaction), while its headquarters are in about 20,000 square feet in nearby Blackriver Corporate Park. The company’s new lease is a consolidation and expansion from the two locations and in March it will move and take the entire second of the Landmark East building. Tyler Technologies (www.tylertech.com) is the largest provider of software solutions for the public sector in the United Stated and serves schools, municipal courts, police departments, prosecutors, county jails, county appraisers, tax assessors and other agencies. Its stock is traded on the New York Stock Exchange under the symbol ‘TYL.’

About CORFAC International
CORFAC International (Corporate Facility Advisors) is distinguished by the way it manages multi-market commercial real estate assignments on behalf of corporate entities and privately owned companies. Founded in 1989, U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services in North America, with coverage in South America provided by Panama-based Latin American Corporate Property Services. A Principal Member of FIABCI – the International Real Estate Federation with global affiliates in Europe and Asia, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged 10,000 completed transactions annually encompassing nearly 100 million square feet and valued at more than $6 billion. For more information on CORFAC, contact 703.532.6160 or visit www.corfac.com.