The Vance Corporation

What The Vance Corporation does

The Vance Corporation is a privately held, owner-operated commercial real estate firm headquartered in Seattle, Washington. It owns and manages a small, concentrated portfolio of two architecturally distinctive office buildings in Seattle's downtown core and Denny Triangle neighborhood: the Tower Building (17 floors, 153,672 sq. ft., originally built 1930 and renovated 1987–1989) and Time Square (7 floors, 60,297 sq. ft., originally built 1912 and renovated 1992), together comprising approximately 213,969 sq. ft. of total rentable area. The company has operated in the Seattle market for more than 30 years and positions itself around local expertise, personal service, and high-touch property management for commercial office tenants.

The firm generates revenue almost exclusively through rental income from leasing office space in its owned properties, a recurring revenue model with typical floor plates of roughly 8,861–9,231 sq. ft. leased at market rates on a quote-based, non-publicly disclosed pricing basis. Its go-to-market is direct and relationship-driven: prospective tenants are reached via the company's website (vancecorp.com) and inbound contact routed through internal leasing and property management personnel, including Dana Bollinger (leasing contact), Teresa Devine Studebaker (accounting & property management), and Hector Pardo (engineering). The customer base consists of commercial office tenants seeking space in prime Seattle downtown locations.

Ownership and governance are tightly concentrated. Mark Houtchens has served as President and CEO since 1988 (and as an owner since 1997), and Jim Falconer has served on the board since 1988 (and as an owner since 1997). The company reports 1–10 employees, has no disclosed subsidiaries, no institutional investors, no parent company, no funding rounds, and no partnerships or M&A activity. There is no technology platform, software product, app, or AI component associated with the business — operations are managed through a small internal team supplemented by direct tenant communication.

Name

The Vance Corporation

Legal name

The Vance Corporation

Website

https://vancecorp.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

1–10 employees

Short description

The Vance Corporation is a privately held Seattle-based owner and operator of two architecturally distinctive commercial office buildings — the Tower Building and Time Square — totaling roughly 214,000 sq. ft. in Seattle's downtown core and Denny Triangle, leasing space directly to commercial tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate / Property Management

NAICS

Real Estate Property Managers (53131), Rental and Leasing Services (532), Real Estate and Rental and Leasing (53)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Office Property Management (BPAJAGAA)

akta.pro secondary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate
• Office leasing
• Property management
• Commercial office buildings
• Real estate ownership

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Others

Revenue model

1. Commercial Real Estate Leasing: The company generates revenue through leasing commercial office space in its owned properties located in Seattle's downtown core and Denny Triangle. Revenue is derived from rental income from tenants occupying office space in buildings such as Tower Building and Time Square.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

The Vance Corporation owns and manages a portfolio of architecturally distinctive commercial office buildings in Seattle's downtown core and Denny Triangle neighborhood. The company directly leases office space to commercial tenants and provides on-site property management, engineering, accounting, and tenant services. Its core portfolio includes the Tower Building (17 floors, 153,672 sq. ft.) and Time Square (7 floors, 60,297 sq. ft.).

Product overview

The Vance Corporation is a commercial real estate and property management company offering leasing and management services for commercial office buildings in Seattle's downtown core. The company manages a portfolio of architecturally unique properties, including the Tower Building (17 floors, 153,672 sq. ft.) and Time Square (7 floors, 60,297 sq. ft.), providing property management, tenant services, and leasing coordination through their local team of real estate experts.

Differentiator

Problem solved

Functional benefit

Products and services

• Tower Building A 17-story commercial office building in Seattle's downtown core, built in 1930 with major renovations completed in 1987-1989. Total rentable area of 153,672 square feet with typical floor size of 8,861 square feet. Leased and managed by The Vance Corporation for commercial office tenants.
• Time Square A 7-story commercial office building in Seattle's downtown core, built in 1912 with renovations completed in 1992. Total rentable area of 60,297 square feet with typical floor size of 9,231 square feet. Leased and managed by The Vance Corporation for commercial office tenants.
• Commercial Property Management Services On-site property management, accounting, engineering, and tenant services provided by The Vance Corporation's in-house team for tenants of its owned commercial office buildings in Seattle's downtown core and Denny Triangle.

Quantifiable outcome

• High rate of tenant retention

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Broad incumbents

• CBRE Group: Global commercial real estate services firm providing leasing, property management, and advisory across Seattle's office market. Comparable as a broad incumbent competing for the same office leasing and management engagements Vance handles in-house.
• Colliers International: Global commercial real estate services firm with Seattle office leasing and management operations. Comparable as a broad incumbent providing third-party office services that overlap with Vance's in-house direct leasing function.
• Kilroy Realty Corporation: Public REIT with a substantial West Coast office portfolio including assets in Seattle. Comparable as a larger incumbent office landlord in Vance's core submarket; competes for the same Class B/creative office tenants.
• Hines: Global real estate investment, development, and management firm with Seattle office assets and management mandates. Comparable as a large-scale office landlord/property manager with overlapping service lines.
• Lincoln Property Company: National commercial real estate services and investment firm operating in Seattle. Comparable as a broad incumbent providing both third-party property management and owner services in the same office category.
• JLL (Jones Lang LaSalle): Global real estate services firm with a substantial Seattle office brokerage and management practice. Comparable as a broad incumbent providing office leasing representation and property management that competes with Vance's in-house team.

Direct peers

• Wright Runstad & Company: Long-standing Seattle-based commercial real estate firm that owns, leases, and manages downtown office properties. Closely aligned with Vance in geography, asset class, and a reputation-driven direct leasing approach.
• Martin Selig Office Properties: Seattle-focused owner and operator of architecturally distinctive Class A and B downtown office buildings. Directly comparable to Vance: same Seattle core submarket, same long-held heritage office asset strategy, and direct leasing model.

Regional players

• Westlake Partners: Seattle-based commercial real estate investment and management firm focused on office and mixed-use assets in the Puget Sound region. Comparable as a regional player operating in the same downtown Seattle office submarket.
• Pivotal Group: Privately-held real estate investment and management firm with a meaningful Seattle/Pacific Northwest office portfolio. Comparable as a regional office owner-operator competing for similar tenant relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/the-vance-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Vance Corporation