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3/09/16
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Saltchuk Resources Inc agreed to a lease for 91.4k sf of office space in Seattle’s Pioneer Square. Terms of the lease were not disclosed.
Saltchuk, a family of transportation and distribution companies, and one of the largest privately held companies based in Washington, will relocate from its existing offices in Seattle’s Lake Union neighborhood to 450 Alaskan Way, a $93 mil development being built by Hudson Pacific Properties. Saltchuk chose to move to 450 Alaskan Way in part because the facility can accommodate its longer-term growth.
450 Alaskan Way is an eight-story, 167k sf office tower designed by NBBJ. The Class A building will be LEED Gold certified, with large floorplates, a rooftop amenity center and deck, and cutting-edge systems. Tenants can take advantage of Pioneer Square’s ample amenities and exceptional transit accessibility and walkability.
Hudson Pacific has commenced demolition of the site’s existing parking structure and anticipates completing the new building in the fourth quarter of 2017. In Pioneer Square immediately adjacent to the project, the firm owns six other buildings totaling 665.4k sf, collectively known as King Street Crossing.
“We designed this state-of-the-art, sustainable building with premier companies like Saltchuk in mind, knowing they would be drawn to Pioneer Square, one of Seattle’s most culturally vibrant, live, work, play neighborhoods,” said Victor Coleman, Chairman and CEO of Hudson Pacific Properties. “The building’s design received unanimous support from the Pioneer Square Preservation Board in October and again in December of last year.”
David Abbott and Laura Ford of Colliers International serve as brokers for both 450 Alaskan Way and King Street Crossing.
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