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March 15, 2017

Amazon takes a tilted step toward 12 million square feet of office space

Puget Sound Business Journal

Marc Stiles

It was reported a year ago that Amazon.com Inc. would have 12 million square feet of office space in the Puget Sound region by 2022.

The company took another step toward that number this week when it leased Tilt49, a new building in Seattle's Denny Triangle. The deal brings Amazon to 11.8 million of square feet of owned, leased or planned office space in the Seattle area.

Seattle-based Touchstone is the developer of Tilt49. The Tilt49 name dates back to Seattle's early days and the city's confusing street grids.

Pioneers Doc Maynard and Arthur Denny (who didn't much care for each other) and Carson Boren went off on their own in laying out the town. As a result, the Denny Triangle neighborhood is at a 49 degree angle to true north.

Here's what Amazon owns, leases and is planning in the Seattle area:

OWNS

  • Completed: 3.9 million square feet
  • Under construction: 1.1 million square feet
  • Planned: 1.3 million square feet

LEASES

  • Previously leased: 5.2 million square feet (includes Centre 425 lease in Bellevue, which Amazon has not confirmed)
  • Newly leased: Tilt49's 300,000 square feet
  • TOTAL: 11.8 million square feet

Source: Kidder Mathews and PSBJ research

For the full story, go to Puget Sound Business Journal.

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