FAIRFIELD — What has become a rare sight in recent years can be seen along Interstate 80 at Hilborn Road – a new commercial office building is under construction.
Fairfield-based The Wiseman Co. is constructing the two-story, 30,000-square-foot building at 2470 Hilborn Road. The building is next to The Wiseman Co.’s existing Westside Professional Center.
“The two buildings are going to be mirror images of each other,” said Brian Wills, director of development for The Wiseman Co.
Solano County’s office market has taken a beating during the Great Recession and its aftermath. Colliers International Fairfield branch reported the Fairfield office vacancy rate for the first quarter at 26.3 percent, compared to 20.9 percent for Solano and Napa counties.
“While there are occasional glimmers of light in the region’s office market, overall activity remains modest despite the greater overall economic recovery,” the report said.
The Wiseman Co. project is one of the glimmers.
The Wiseman Co. bought Westside Professional Center several years ago and leased it out. Wills said the company decided the time had arrived to construct an adjacent building.
“We really feel strongly we’ll probably have this building filled up within a year after we come online in October,” Wills said.
The Wiseman Co. has already started to find tenants.
“We have two (potential) tenants we are speaking with,” Wills said. “No leases have been signed at this point.”
The Wiseman Co. has a niche in the local office space market. It owns what it calls “superior, quality professional office space,” also known as Class A space.
“We’re certainly not the most economic place to come to,” Wills said. “But the customer service, the retention we have – The Wiseman Co. is a known name in the area.”
He described the type of tenants the company attracts.
“They want to be in a building where the staff is going to feel comfortable and want to come to work,” he said. “They want to have an image when their patients and clients come in.”
He sees some of the larger firms based in urban areas wanting to have a satellite office in the suburbs between Sacramento and San Francisco – in Fairfield.
The Wiseman Co. owns four office buildings in Fairfield, one in Suisun City, two in Napa and one in Woodland. Wills said the company is not looking to expand into markets such as Contra Costa and Sacramento counties, but rather wants to be in its existing market and give customer service to its tenants.
Reach Barry Eberling at 427-6929, or firstname.lastname@example.org. Follow him on Twitter at www.twitter.com/beberlingdr.