A major expansion of the former Agilent Technologies business park in Liberty Lake may move forward this month if a large unidentified company agrees to lease a 64,000-square-foot building there.
Greenstone Commercial, which three years ago bought the 70 acres formerly used by Agilent as a tech center, is trying to conclude a deal and start construction of the two-story building near the intersection of North Molter Road and Mission Avenue.
Wayne Frost, a Greenstone managing director, said the city of Liberty Lake has approved a building permit for the $4 million construction project. Frost said he won’t activate the permit until a lease agreement is signed.
He declined to provide details about the possible tenant but said the deal, if completed, will be announced this month.
“It won’t be a manufacturing company,” Frost said. “This would be general office space with high-end emerging-technology services.”
Greenstone renamed the entire property the Meadowwood Technology Campus. It filled the Meadowwood Technology One building with several tenants, including Liberty Mutual Insurance, Providence Health & Services, Itron Inc., and Ptera Wireless.
Hewlett Packard began building the Liberty Lake campus in 1979. In 1999 it split into two companies, with Agilent taking over the Liberty Lake building and operating it until 2010.
The two-level Meadowwood Three building would cover about 2 acres directly south of the former Agilent building.
Frost said the building would be equivalent to Class A office space and have access to the full range of technology and business services available in the Meadowwood One building. A Meadowwood Two building project has been stalled in recent months.