SEATTLE--()--Schnitzer West LLC today announced that Amazon.com has signed a lease to occupy approximately 460,000 square feet of office space at 1918 Eighth Avenue project. Delivered in 2009 at 668,000 square feet, the Class A high rise is one of the largest new buildings in downtown Seattle. The Amazon lease brings the office tower to 94 percent occupancy. Schnitzer West also developed the first phase of Amazon’s South Lake Union headquarters, known as Phase 1A and 1B, under a joint venture with Vulcan.
“We are extremely pleased to have Amazon.com as a tenant at 1918 Eighth Avenue”
“We are extremely pleased to have Amazon.com as a tenant at 1918 Eighth Avenue,” said Dan Ivanoff, founder and managing investment partner for Schnitzer West LLC.
Designed by Seattle-based architectural firm NBBJ, the 36-story tower is Certified LEED Gold Core & Shell and offers several tenant focused amenities that set it apart from its competitors in the area, including a highly functional Great Room that provides a series of adaptable-use, comfortably designed, network- and media-supported spaces for client meetings, presentations, employee recruiting, training or other firm events. In addition, there’s a building concierge to maximize tenants' productivity; a fitness center; six levels of underground parking which includes bike lockers and showers; and restaurant and retail offerings. Located in the Denny Triangle neighborhood, the building is optimally positioned between the retail core and the South Lake Union neighborhood and is within walking distance of all of the major public transportation lines, including local and regional bus service, light rail and the South Lake Union street car. More than 1,600 hotel rooms and convention facilities are within a three-block radius.
About Schnitzer West, LLC
Schnitzer West, LLC is one of the West Coast’s fastest growing real estate investment, development and property management companies. Founded in 1997 by managing investment partner Dan Ivanoff of Seattle and Schnitzer Investment Corp of Portland, the company has built a successful track record in the commercial and multi-family housing markets through product innovation, disciplined management and investment expertise. Known for its commitment to “Outperform the Expected,” Schnitzer West has earned recognition for creating innovative workplaces and living spaces, for delivering superior-to-market returns and for its value-creation approach to property management. To date, it has developed and delivered in excess of 5.1 million square feet of Class-A office and suburban office, flex, industrial and bio-tech space; 305,000 square feet of upscale retail and more than 1,250 luxury multi-family apartment and condominium units in the Seattle and Portland markets. Additionally, it has acquired and repositioned approximately 1.3 million square feet of commercial product. Currently, its Asset Operations group actively manages 5.5 million square feet of office, retail, industrial and bio-tech property for a variety of clients. Building on its success in the Northwest, Schnitzer West owns additional properties in Denver and is exploring new market opportunities across the Western United States. Learn more at www.schnitzerwest.com.