(EDITOR’S NOTE: According to two sources with knowledge of the deal, the lease was inked with Pokemon. A report from the Puget Sound Business Journal shows that the lease could be for 16 years with two five-year renewal options.)
Legendary 374,000 sf deal marks the Puget Sound’s largest office lease in nearly three years
BELLEVUE, WA – Skanska, a leading global development and construction firm, today announced it has signed a long-term lease for its forthcoming mixed-use development, The Eight. The tenant will lease 526,595 square feet of the building of which 152,309 square feet is parking. A deal of this size makes it the region’s largest office lease in almost three years and the firm’s largest lease in its history. At 72% leased, The Eight is scheduled to deliver in Spring 2024 with the anchor tenant expected to take occupancy beginning January 2025.
“When we started developing The Eight, our goal was to attract world-class, innovative companies who valued best in class workplace and would see The Eight as the workplace of the future,” said Charlie Foushée, executive vice president and regional manager for Skanska USA Commercial Development’s Seattle region. “We couldn’t be more thrilled to welcome this new tenant as they call The Eight their new home.”
Since breaking ground in June 2021, the Eight has achieved WiredScore Platinum and Salmon-Safe certifications. The office tower is targeting LEED Platinum, Fitwel, and SmartScore certifications. The building’s side core design allows for large, flexible floorplates and diverse workspaces, great for all types of businesses and densities, and incredible daylighting. Designed by Pickard Chilton, The Eight prominently features seven alternating indoor/outdoor exterior balconies. With a 7,000 square foot open plaza, 11,000 square feet for local retail operators, and an additional 1,800 square-foot mass timber pavilion, The Eight’s design exudes comfort and confidence, combined with sophistication and style.
Broderick Group represented the tenant. Tim Owens, Scotta Ashcroft, and Lennon Atteberry of CBRE represented Skanska in the transaction. Inquiries about remaining office space may be directed to CBRE.
The Eight represents Skanska’s sixth development project in the Puget Sound region and its second project in Bellevue since it began development operations in 2011.
About Skanska
Skanska uses knowledge & foresight to shape the way people live, work, and connect. More than 135 years in the making, we’re one of the world’s largest development and construction companies. We operate in select markets throughout the Nordics, Europe and the United States. Skanska in the U.S. is headquartered in New York City with 29 offices around the country. In 2022, construction in the U.S. generated $6.9 billion in revenue, and as a developer in the U.S., Skanska has invested a total of $3.5 billion in commercial and multi-family projects. Together with our customers and the collective expertise of our 6,500 teammates in the U.S. and 28,000 globally, we create innovative and sustainable solutions that support healthy living beyond our lifetime.
