Seattle, WA (October 10, 2022) — Newmark announces it has executed a 58,024-square-foot sublease at F5 Tower on behalf of Stackline, a retail intelligence and software company headquartered in Seattle. The company plans to occupy the space in January 2023 and will be relocating and expanding from its current 20,046-square-foot space in Met Park East.
“As Stackline’s ecosystem of products and customer base is growing, so is our footprint,” said Michael Lagoni, Stackline CEO. “We are excited to expand in Seattle, a move that will enable us to further scale the business and add more team members to our operations.”
Stackline will occupy floors 26, 27 and 28 of F5 Tower, located at 801 5 th Avenue in downtown Seattle. The space comes fully furnished and features panoramic views of the Puget Sound, perimeter workstations, floor-to-ceiling windows and an internal staircase connecting the three Floors.
Newmark Director Brody O’Keefe represented the subtenant, Stackline, in the lease negotiations.
“We are thrilled to have worked with Stackline to find a space that meets their business needs, accommodates growth and gives their employees an amazing view of the Puget Sound,” said O’Keefe. “This is one of the largest lease expansions in Seattle since the pandemic began, which is a testament to the company’s success.”
The Puget Sound office market remained in a holding pattern for the third quarter of 2022, amid economic hesitancy and uncertainty surrounding return-to-work plans, according to Newmark Research. There remains 6.1 million square feet of active tenant requirements in the region, with a focus on smaller footprints and a flight to quality to entice employees back to collaborate in the office. While the next several quarters will indicate the speed at which the region recovers, the overall outlook for Puget Sound remains encouraging.
About Stackline
On a mission to fuel the future of commerce by bringing brands and customers closer together, Stackline is the first full-funnel connected commerce platform for the world’s most innovative brands. Business leaders, product innovators, performance marketers, and financial firms trust Stackline as the single source of commerce truth. Fueled by proprietary neural networks and deep learning systems, Stackline’s market insights, revenue metrics, behavioral data, and autonomous functionality, create the actions that determine success or failure. Founded in 2014 in Seattle, Stackline employs over 250 connected commerce professionals creating value for 4,000+ global brands. Stackline currently has offices in Seattle, New York, Salt Lake City, Minneapolis, and London.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of nearly $3.2 billion for the twelve months ending June 30, 2022. Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with over 6,500 professionals around the world.
