Leo Backer, together with Ron Liebsohn of Bellevue-based Liebsohn & Company, is the leasing agent for Sammamish Park Place. While Backer was unable to discuss details of the lease or the tenant, OfficeSpace.com has the complex's rents listed as $22-$23/sf NNN.
Although Microsoft does not publicize the total amount of Eastside space it occupies, in December, Microsoft spokesman Mat Pilla, told GlobeSt. the company collectively owns 4,879,353 sf of office space in Redmond, Bellevue and Issaquah. Industry sources estimate the total number of the Redmond-based company's Eastside space at 8.4 million sf. Pilla was not immediately available to comment on the timing of Microsoft's occupancy of the Sammamish campus. Opus Northwest, a member of Minneapolis-based Opus Group, declined to comment on the cost of developing Sammamish Park Place.
The Issaquah market - like all those along the Interstate 90 corridor - "is hot," says Backer. The Sammamish campus itself is especially appealing because of its close proximity to an on-ramp a few blocks from the site. There is very little office space available here, says Backer.
Another project currently being constructed by Opus Northwest in Issaquah, Eastpointe, will add 156,000 sf to the market. However, Eastpointe appears to be leasing up more slowly than other office sites on the Eastside. Backer attributes the sluggish marketing to Eastpointe's less than optimum accessibility.
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