Bay West Sells Seattle Gift Center, Retains Seattle Design Center.SEATTLE -- Bay West sold Seattle Gift Center to its original owner, The Benaroya Company, on January 25, 2005 after managing and owning the property for 14 years. Seattle Gift Center is an 182,000 square foot wholesale gift mart located in the Georgetown area of Seattle. Bay West purchased Seattle Gift Center as part of a multiple property acquisition that also included Seattle Design Center. Bay West will continue its ownership of Seattle Design Center over the long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. , which it has managed since 1991 and owned since 1999. Bay West is now focusing all resources on its core business as owner and manager of design centers. Occupancy of the 360,000 square foot Seattle Design Center is currently 95% and primarily houses major designer showroom tenants including Baker, Knapp & Tubbs and Michael Folks Showroom. Seattle Design Center also provides office space, including the corporate headquarters of Sur La Table Sur La Table, Inc. is a privately held American retail company based in Seattle, Washington, that sells gourmet cooking utensils and related merchandise, such as appliances, food, and cookbooks. . Additionally, Bay West has owned and managed San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden Design Center for over 20 years. "Bay West plans to continue expanding upon Noun 1. expanding upon - adding information or detail expansion step-up, increase - the act of increasing something; "he gave me an increase in salary" the success of the Seattle and San Francisco Design Centers for the long-term, maintaining our ongoing commitment to serving the interior design community in the Pacific Northwest and throughout the west coast," explained Bay West CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Tim Treadway. About Bay West Bay West was founded in 1979 and is primarily involved in the development and operation of various commercial properties. Today, Bay West owns and manages more than 1.2 million square feet of commercial space and employs approximately 100 people in Seattle and San Francisco. The company's properties include Seattle Design Center and San Francisco Design Center, the Concourse Exhibition Center, the Garden Court and the Potrero Business Center in San Francisco. About Seattle Design Center Seattle Design Center opened its doors in 1973 to serve the region's growing affluence and appreciation for quality design and home furnishings furnishings the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers. . Seattle Design Center is the only full-service design center in the Pacific Northwest serving professional interior designers and their clients in Washington, Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. , Idaho, Montana, Alaska and British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . Nationally recognized as the premier marketplace for fine home furnishings and design services, Seattle Design Center is comprised of 65 showrooms encompassing 360,000 square feet of designer furniture, fabrics, accessories and architectural products, offices and restaurants. Seattle Design Center is open to the public 1 p.m. to 5 p.m. Monday through Friday. |
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