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VoiceStream Leases 288,076-SF Five Newport Building

BELLEVUE, WA-The owner of the new building is Bentall US Corp. The terms of the lease were not immediately available, but listings placed the price of the Eastgate area space between $26 and $28/sf.

By Janet Parker | Updated on November 21, 2000

BELLEVUE, WA-Bentall US Corp.’s newly-completed 288,076 sf Five Newport office tower at 12920 38th St. has been leased in its entirety to VoiceStream Wireless Corp., which is scheduled to occupy the 10-story building within a month. The terms of the lease were not immediately available, but listings placed the price of the Eastgate area space between $26 and $28/sf.

Among other projects in the Seattle area, the Vancouver B.C.-based Bentall has plans for the corner of NE 4th St. and 108th Ave. in Bellevue. The site is zoned to accommodate 775,000 sf of office space, though a 70,000-sf office building now occupies a portion of the available area. Bentall has initiated site planning and conceptual design work for two additional office buildings to utilize the site’s development potential. Bentall has not, as yet, announced a start date for that project, to be called Summit Ridge.

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