Home Industry News SECO Selects JLL to Market the 700,000 SQFT Renton Development

SECO Selects JLL to Market the 700,000 SQFT Renton Development

JLL , Seco Development, Seattle, Puget Sound, Southport, Lake Washington, Southport Office Campus

JLL Signs on to Lease Eastside’s Most Anticipated Waterfront Office Complex

SEATTLE – The next stage of growth at Southport on Lake Washington, the 17-acre “millennial paradise” now under development on the shores of Lake Washington, is about to begin. With construction delivery due in 2019, JLL has been engaged to lease the approximately 700,000 square feet of high end, creative office space now rising on site.

The team of Cleita Harvey, JJ Shephard, Riley Shephard and Tim Jones will oversee the leasing of Southport Office Campus.

Southport is a prime example of an iconic waterfront urban village, and is the 20-year vision of local developer SECO Development. In addition to the three-building office campus, the pioneering 2.4 million square foot mixed-use development includes Bristol Residences, a 383-residence luxury mid-rise apartment community; a 347-room Hyatt Regency hotel with 43,000 square feet of convention space, a full service restaurant, spa; and more than 30,000 square feet of retail space.

“Southport delivers a true live-work-play-stay environment in a highly engaging waterfront setting, said Cleita Harvey, JLL. “We feel the scale of the office campus as well as its on-site and surrounding amenities make it a compelling option for many large scale users.”

Southport’s office campus sits right on the waterfront with views of the Lake Washington and the Seattle skyline. Immediately adjacent to Southport is a 57-acre regional waterfront park with beach access.

“There aren’t many office environments in this area, let alone the country, where you can kayak or sit on the beach at lunch and then twenty minutes after you finish work be hiking or mountain biking miles of trails in one of three nearby recreational parks and forests,” says Kip Spencer of SECO Development.

Southport’s location is ideal for employers concerned about increasing commute times across the region, particularly for those with employees traveling in from the Eastside and Southend. The amenity rich The Landing, adjacent to the project, is one of the area’s fastest growing and most popular shopping, dining and entertainment centers.

“Throughout the Puget Sound region we’re seeing a subtle shift among millennials, especially those with young families, toward greater affordability, access to schools and recreational amenities,” said JJ Shephard, JLL. “This growing trend is going to lead some major employers to want to diversify their workplace offerings in order to recruit and retain these key employees. Commute times are increasing, the cost of housing is skyrocketing and the workday is getting longer. Southport’s unique waterfront experience, physical location and world-class amenities, puts it head and shoulders above other campuses in the area,” he added.

For more information on leasing opportunities at Southport, contact JLL or visit: http://www.southport.life.

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

About SECO Development
Incorporated in 1989, SECO Development specializes in infill, and high-end mixed-use projects with an emphasis on residential, hotel, office, and retail. The company focuses on developing urban sites while being conscious of and preserving the natural environment. SECO’s vision of incorporating high quality housing with retail, offices, hotels, and parking structures creates effectively master-planned communities. Since its inception, SECO Development has developed more than 3,500 residential units, 160,000 square feet of retail, 800,000 square feet of office space, two retirement facilities and two hotels.