By Jack Stubbs
The co-working craze in Seattle shows no signs of slowing, and Regus US, one of the preeminent national providers of office and co-working space, recently signed another lease to expand its footprint in the Seattle market.
According to a Q4 2017 report released by Hudson Pacific Properties Inc. on February 15th, Regus US signed a 46,382-square-foot lease at the Company’s 95 Jackson and 450 Alaskan office development in Seattle’s Pioneer Square through June 2030.
Hudson Pacific Properties is the developer of 450 Alaskan Way, an 8-story 168,000 square foot Class A office tower, and Seattle-based NBBJ is the architect. Laura Ford and David Abbott from Colliers International’s Seattle office are the office leasing brokers.
Neither Regus US’ Seattle office nor Hudson Pacific Properties responded to calls regarding Regus’ lease in 450 Alaskan in time for the publishing of this story.
450 Alaskan Way also includes 9,000 square feet of on-site retail and an approximately 3,800 square foot rooftop deck with a conference center and amenity space. Additionally, the LEED Gold certified office space contains large floor plates and provides sweeping views of Elliot Bay from every floor, according to the property’s web site.
Another highlight of the office property is its location on the waterfront, less than one mile from access to Interstate-5, less than five minutes from access to Washington State Route 99 and sitting in close proximity to King Street Station and Pioneer Square Link light rail station.
Regus US’ roughly 46,000 square feet accounts for approximately a quarter of the available space at 450 Alaskan Way, an especially prominent figure considering another lease for a sizable portion of the office tower that was signed in March 2016. Seattle-based Saltchuk Resources, Inc., a family of transportation and distribution companies, occupies 91,357 square feet in the building.
And according to the property’s web site, there are approximately 52,000 square feet available across the first through fourth floors (8,600 square feet on the first floor; 21,000 square feet on the second floor; and 23,000 square feet on the third and fourth floors).
Neither of the leasing brokers could be reached for comment in time for the publishing of this story.
Alaskan Way is part of King St. Crossing, a collection of five historic buildings in Pioneer Square—all owned by Hudson Pacific—that total approximately 700,000 square feet. The other buildings in King St. Crossing include 505 First Avenue South, 83 King St., 411 First Ave. and 95 Jackson.
Regus US also occupies space in several other office towers that all sit within a few blocks of 450 Alaskan Way including Smith Tower, the Norton Building and Columbia Center.