Trammell Crow Company (TCC) and joint venture partner, MetLife, today announced that Amazon has signed a long-term, full-building lease at Midtown21, downtown Seattle’s newest Class AA, 21-story office tower. The 365,000-square-foot building will be complete in December 2016 and occupants will move in later in 2017.
“We welcome Amazon to Midtown21, and are excited they’ve continued to invest in the ReGrade area,” said Mike Nelson, a Principal with Trammell Crow Company’s Seattle Business Unit. “When the project was conceived, it was designed to attract both technology and traditional office users, given its location at the apex of the traditional CBD and technology core of Seattle.”
“We are pleased Amazon has selected Midtown21 and look forward to welcoming them to this property in 2017,” said Kaya Murray, Director at MetLife. “It’s a great example of the success our build-to-core investment strategy has had in one of the country’s fastest growing cities.”
“We’ve always loved working in the heart of Seattle,” said John Schoettler, Director of Global Real Estate and Facilities at Amazon. “Moving into Midtown21 is another example of our exciting growth in this city we are proud to call home.”
The building boasts many sustainable design elements and the ownership is seeking LEED® Gold certification.
Midtown21 is located on Stewart Street, which is the primary arterial into the city from southbound Interstate 5 and eastbound SR 520. The site has convenient access to freeways, urban housing, restaurants, hotels, the retail core and mass transit, providing easy access to commuters.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ("MetLife"), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
Through its Real Estate department, MetLife oversees a well-diversified real estate investment portfolio of over $68 billion, which is one of the largest in the U.S. and consists of real estate equities, commercial mortgages and agricultural mortgages. MetLife is a global leader in real estate investments and real estate asset management, with a vast network of regional offices that keep in close contact with the major real estate markets. For more information, visit www.metlife.com/realestate.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of September 30, 2016, TCC had $7.1 billion of projects in process and $3.7 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). For more information visit www.TrammellCrow.com.