Monday, March 7, 2011

Amazon Leases More Space in Seattle

Amazon.com has signed a lease to occupy approximately 460,000 square feet of office space at 1918 Eighth Avenue in downtown Seattle according to a CoStar report. The 36-story office tower, built in 2009, is one of the largest new buildings in downtown Seattle and was designed by the Seattle-based architectural firm NBBJ. With Amazon added to the tenant roster, the building is now 94% leased with major tenants including RBC Wealth Management, Parametric Portfolio Associates and Hagens Berman Sobol Shapiro LLP.

Schnitzer West is the leasing manager for Schnitzer Investment Corp. which owns the property. "We are extremely pleased to have Amazon.com as a tenant at 1918 Eighth Avenue," said Dan Ivanoff, founder and managing investment partner for Schnitzer West LLC. A Seattle Times article this weekend noted Amazon's current push to hire new employees with about 1,900 staff openings in Seattle, at least twice as many as a year ago. Amazon began moving into its headquarters complex last spring and now occupies seven buildings covering 845,000 square feet.

For more news and information visit Blumberg Capital Partners.

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