57,000+ RSF Class-A Commercial Office Building‘Ascent’ Ready for Tenant Occupancy in Q2 2024
Kirkland, Wash., Monday, March 21, 2022 – Talon Private Capital, a commercial real estate private equity investment firm headquartered in Bellevue, Wash., today announced it has broken ground on a new Class-A commercial office building in Kirkland called ‘Ascent.’
Located at 422 6th St S across the street from Google’s 400,000-square-foot 6th Street campus, Ascent is a three-story, 57,000+ sq. ft. office building offering a rare new construction, full-building leasing opportunity with expansive deck space and sweeping views of Lake Washington and the Olympic Mountains. Located in the Eastside’s thriving submarket of Kirkland, Ascent is located near all the retail and amenity-rich vibrancy that this lakefront city possesses.
“With Eastside vacancy rates around 5 percent currently and more employees now returning to the office, we are excited to break ground on this highly-desirable office building in Kirkland,” said Bill Pollard, Co-Founder and Managing Principal of Talon Private Capital. “Ascent offers a unique, full-building branding opportunity for tenants seeking an exceptional office environment and the flexibility to expand in place as needed.”
“Although tech companies have been driving the majority of leasing activity across the Puget Sound, as we move forward on construction, we are excited to be receiving inquiries from a variety of potential tenants from family offices and private wealth management firms to upscale medical service providers who are looking for a statement building that will appeal to both employees and clients,” Pollard added.
Prime Office Location in Popular Kirkland Submarket Near Seattle
Sought after for its central location, vibrant village feel and water views, Kirkland is home to just under two million square feet of Class-A office space with Google leasing or owning much of that space. The Ascent property offers a prime location just minutes from Redmond, Bellevue, and Seattle with excellent access to I‐405 via both 68th Street and Central Way.
Ascent: Sophisticated Design Offering a Unique Modern Office Environment
Designed by Bellevue-based firm FREIHEIT Architecture, the three-story Ascent building features expansive floor-to-ceiling glass windows with open floor plates and a 1,300+ sq. ft. outdoor amenity deck for entertaining and relaxing. With underground parking at a 3.3/1,000 parking ratio and a variety of employee amenity spaces, Ascent offers a unique and sophisticated modern office environment.
The Ascent site is also directly across the street from Google’s 400,000 sq. ft. 6th Street office campus and within walking distance to Google’s 760,000 sq. ft. Kirkland Urban office campus and 150,000-square-foot Kirkland Urban Retail Center, which Talon co-developed from 2016 to 2019 before selling it to Google.
Amenity-Rich, Healthy Environment
In addition to being situated in a dynamic office market, Ascent also offers expansive outdoor opportunities and recreational space for tenants. Located near the popular 23-acre Everest Park, Ascent is also adjacent to the six-mile Cross Kirkland Corridor walking and biking trail and its newest expansion, Feriton Spur Park, which includes a new 16-foot-wide paved trail, pickleball court, urban farm, upgraded cafe, splash area and amphitheater. Retail, dining, and shopping options also abound with the building’s close proximity to the popular downtown Kirkland retail center, Carillon Point and Kirkland Urban. Talon will pursue LEED-EB certification for the building.
Ascent: Dynamic Project Team
Construction on Ascent is slated to begin in the Q2 2022, with completion anticipated in Q2 2024. Project team members include Foushee (general contractor), FREIHEIT Architecture (architect), Broderick Group (leasing) and Talon Private Capital (developer). For leasing information, interested parties may contact Eric Meussner (425.274.4282) or Jeff Livingston (425.274.4288 ).
About Talon Private Capital:
Talon Private Capital is a commercial real estate private equity investment firm headquartered in Bellevue, WA. The company is involved in creating compelling work and live environments throughout the West, captivating tenants, increasing asset value and enhancing risk adjusted returns as objectives transition from value to growth over the life of each investment.