City's First 19-Story Next-Generation Office Tower Delivering in Q4 2015
Trammell Crow Company in partnership with Principal Real Estate Investors, announces 929 Office Tower, Bellevue’s most technologically advanced office project, has officially topped out. The 462,000-square-foot, 19-story ultra-modern, Class A office tower will be complete by the end of 2015, a year before similar projects in the pipeline.
“The demand from a variety of tenants in the market is robust,” said Craig Dobbs, Principal in TCC’s Seattle business unit. “We are exchanging proposals with several tenants whose combined demand far exceeds our building’s capacity. The interested companies are market leaders, looking for an environment with the most tenant desired features that enhances their business and is a compelling atmosphere for their workforce.”
929 Office Tower is the first new Class A office building to be built in the Bellevue CBD since 2010 and features the largest floor plates permitted in the downtown core with the most extensive list of tenant focused amenities, including common areas with formal and informal meeting areas, a private board room and a larger conference facility for bigger events. Tenants will also enjoy modern fitness facilities complete with HD televisions on the cardio equipment and club quality shower and locker facilities. Separate bike storage and showers are also provided.
The building features a high performance glass curtain wall that is the first in the market to meet the new energy code, significantly reducing heat loss and solar gain while allowing more natural light into occupied spaces. Occupants will experience greater comfort and lower energy costs as temperatures are more consistently maintained. Purposefully engineered destination-dispatch elevators reduce wait times, increasing productivity and convenience. The broadband wireless connectivity in the common areas and distributed antenna system throughout the building along with wireless charging capabilities for enabled devices ensures superior cell phone coverage and adds to the appeal of the project. The building is designed to achieve a LEED Gold certification.
929 Office Tower’s location offers shorter drive times to I-405 and SR 520 with three options for access to and egress from the garage on 108th Avenue or 106th Avenue. The Bellevue transit center is a block away on the same grade for tenant ease and foot-traffic accessibility. The project’s access and conveniences enhance employee productivity and the ability to attract and retain talent. 929 also sits within one block of an abundant number of surrounding restaurants, shops and hotels, benefitting tenants while being outside mall congestion.
“We are thrilled for this milestone and eager for the grand opening later this year,” adds Jay Fisher, Assistant Managing Director—Asset Management with Principal Real Estate Investors. “This is the most extensive office offering with the most comprehensive amenity package in the Puget Sound market.”
LMN Architects is the architect of building; Lease Crutcher Lewis serves as the general contractor, Principal Real Estate Investors, as the investment partner and US Bank and Regions Bank are the lenders. CBRE’s Tom Bohman, Pete Holloman and Lennon Atteberry are the leasing agents.
About Principal Real Estate Investors Principal Real Estate Investors manages or sub-advises $59.3 billion in commercial real estate assets. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.
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 nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of March 31, 2015, TCC had $5.5 billion of projects in process and $3.6 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 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 2014 revenue). For more information visit www.TrammellCrow.com.