Seattle, Washington – The NNN Commercial Real Estate News today is from Seattle, a beautiful City. The recent NNN Commercial Real Estate News is on Amazon.com, one of the survivors from the .com Financial collapse. The major online retailer, Amazon.com has signed a net lease on approximately 459,957 square feet in downtown Seattle. The lease is at the NNN Commercial Real Estate development known as 1918 Eighth Avenue.
This NNN Commercial Real Estate development at 1918 Eighth Avenue was completed in 2009. The NNN Commercial Real Estate development has a total of approximately 667,997 square feet of leaseable space. This NNN Commercial Real Estate development is a Class A High Rise in the Denny Triangle – South Lake Union neighborhood. This zone connects the Retail District to Seattle’s South Lake Union neighborhood.
This area is one of Downtown Seattle’s fastest growing areas and excellent for NNN Commercial Real Estate investments. This vibrant Seattle neighborhood has a unique mix of professional and residential necessities. The Commercial Real Estate development at 1918 Eighth Avenue is surrounded by state-of-the-art condominiums, luxury hotels and a variety of restaurants. This major metropolitan area is excellent for a 1031 Exchange replacement property.
Schnitzer Investment Corp. owns the Commercial Real Estate development, a 36-story office tower. This NNN Commercial Real Estate development was designed by NBBJ and was awarded LEED Gold Core & Shell certification from the U.S. Green Building Council. The Seattle NNN Commercial Real Estate development was designed with each floor averaging about 20,000 square feet. There is plenty of daytime retail foot traffic for triple net lease properties in the area.
NBBJ is a global architecture, planning and design firm. This architecture firm has offices in Beijing, Boston, Columbus, Dubai, London, Los Angeles, New York, San Francisco, Seattle, and Shanghai. The architecture firm was founded in 1943 by excellent Seattle architects Floyd Naramore, William J. Bain, Clifton Brady, and Perry Johanson. The architecture firm was originally called Naramore, Bain, Brady & Johanson.
The NNN Commercial Real Estate development is viewed as the tallest building in Seattle’s business district. This 1918 Eighth Avenue address is an exclusive location. The Commercial Real Estate development was designed with the notion for productive spaces, gorgeous views, and innovative high-tech technology.
Other tenants at this NNN Commercial Real Estate development include RBC Wealth Management with 33,783 square feet, Parametric Portfolio Associates with 38,300 square feet and Hagens Berman Sobol Shapiro LLP in 19,100 square feet. We found through research that the Seattle NNN Commercial Real Estate development is about 94% net leased with Amazon.com getting the new lease.
NNN Commercial Real Estate development amenities:
• Professional concierge
• Outdoor plaza
• Excellent Coffee shop and bistro
• Six levels of convenient underground parking
• Quality Fitness center
• Bike storage and showers for commuters
Nearby Business services for 1918 Eighth Avenue:
• Dozens of fine dining restaurants
• Various business-class hotels
• The Washington State Convention and Trade Center
• Plenty of parking garages and surface parking lots
• Light rail terminal and bus tunnel
• Daycare center across the street
Schnitzer West LLC also developed a Commercial Property known as the first phase of Amazon’s South Lake Union headquarters. That Commercial Real Estate development was a joint venture with Vulcan. Vulcan Real Estate and Schnitzer West LLC delivered the second phase of Amazon.com’s headquarters around the summer of 2010. That Seattle Commercial Real Estate development is situated on the east side of Boren Avenue North between Mercer and Republican streets. The phase 2 Seattle Commercial Real Estate development has approximately 157,971 square feet of office space. The phase 2 Seattle Commercial Real Estate development also consists of about 14,000 square feet for net lease properties, street-level retail space.
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