Seattle, WA – April 15, 2015 – CBRE, in association with the building’s owner, Legacy Partners, recently announced the successful lease up of 59,840 square feet at 101 Elliott. Located in a premier waterfront location in proximity to the Space Needle, Key Arena and the Pike Place Market, the building is a five-story Class A property with new lobby and entry renovations and a recently remodeled fitness studio on-site. These new leases, with July and August start dates on 24,579 and 35,261 rentable square feet, respectively, have allowed the current listing team to effectively lease up the entire building within 18 months.
Founded in 1989 in Seattle, Cutter & Buck is an upscale manufacturer of sportswear and branded apparel. 101 Elliott ticked off all the right boxes in the company’s decision to move down to the waterfront. “As we celebrate our 25th Anniversary this summer we can think of no better way than in christening our new home on Seattle’s vibrant waterfront,” said Joel Freet, Chief Executive Officer of Cutter & Buck. “101 Elliott provides a new opportunity for us to move into a modern, open, and collaborative environment that suits our tightly knit and hard-working culture at Cutter & Buck.” The company will relocate in July of 2015. Please visit www.cutterbuck.com for more information.
CBRE was also able to secure a 35,261 square foot lease for a healthcare marketing firm. The company signed a ten-year lease on the space with an August commencement. “We’re delighted to have such a diverse mix share our vision in rejuvenating one of the city’s most recognizable properties,” said Kerry Carlson, Regional Vice President of Legacy Partners, “Companies are looking at the neighborhood, the building, the opportunity to lay down roots in an iconic space, fantastic views of the city and access to a lot of great amenities. It’s an obvious choice.”
Legacy Partners purchased the property in 2007. With a waterfront view location adjacent to the Olympic Sculpture Park, 101 Elliott has seen significant leasing activity in the past year. More and more companies are making moves under the insight that their employees will be better served by living and working close to the vibrant activity of downtown Seattle. With the addition of these two final tenants this summer, that trend shows no sign of letting up.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
About Cutter & Buck
Established in 1990, Cutter & Buck has become a hallmark for delivering fresh approaches to classic sportswear. Based in Seattle, the company prides itself on the design, manufacturing and distribution of premium, versatile apparel that meets the demands of an active lifestyle. With an expanding line of products for the golf, corporate, collegiate and professional sports, and specialty retail markets, the company is proud to provide its customers with safe and compliant products as a certified QCA supplier since 2011. Cutter & Buck has partnerships or licenses with the NFL, NCAA, MLB, PGA of America, USGA, PGA TOUR and USTA. The company is the exclusive North American distributor of Clique, a premier sportswear basics brand in the European marketplace. Cutter & Buck is available worldwide in golf pro shops, fan shops, resorts, specialty retailers, through premium promotional product distributors, and at www.cutterbuck.com.
About Legacy Partners
Legacy Partners Commercial, Inc. is a privately-held, full-service real estate investment manager, owner and operator, with a comprehensive portfolio of commercial assets in the western United States. Since 1973, the firm has acquired and developed 377 real estate assets comprising over 69 million sf of office, life science and industrial product at a cost exceeding $9 billion. Legacy Partners currently manages a 12.6M sf portfolio valued in excess of $2.8 billion. The company is headquartered in Foster City, California and has regional offices in San Francisco, San Jose, Los Angeles, Long Beach, Irvine, San Diego, Denver and Seattle.