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First Tenant Inks Deal For Corporate Campus

LYNNWOOD, WA-Cypress Semiconductor Corp. of San Jose, CA has leased and signed an option to buy a 66,528-sf building in the proposed Opus Northpointe Corporate Campus. The company will consolidate other Puget Sound operations and house 150 employees here.

By Gina Binole | Updated on August 29, 2001

LYNNWOOD, WA-Opus Northwest LLC has found its first tenant for its Opus Northpointe Corporate Campus, a 90-acre project housed in the heart of the technology corridor at the confluence of the region’s two major freeways, Interstate 5 and Interstate 405.

Cypress Semiconductor Corp. of San Jose, CA leased and signed an option to buy a planned 66,528-sf building in the complex. The company will move its 150 employees in the Puget Sound region to the building from its existing locations in Woodinville and Bothell. Terms of the deal were not disclosed.

The developers say they also have begun the grading for the Cypress structure, known as Building D, and for the rest of the proposed nine-building, 719,000-sf campus. Opus will also install infrastructure throughout the complex, including utilities, roads, sidewalks and street lighting.

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