Thursday marked the grand opening of the city's first new office building in a decade as Illinois-based Hamilton Partners announced completion of the 22-story, $125 million office building that — at 316 feet tall — will be one of the tallest buildings in the valley.
Among the first tenants in the new building, called 222 Main, will be real estate firm CB Richard Ellis, along with law firms Brinks Hofer Gilson & Lione and Holland & Hart. Occupancy is scheduled to begin in January.
Bruce Bingham, a partner with the commercial real estate developer, said the building is about 20 percent leased with another 30 percent currently under negotiation. He estimates that it would likely take a year or two to get the building fully occupied.
"We would like to be operating in a stronger economy, but we see the economy strengthening," he said. "It's going to take longer for us to fill the building than we might have expected."