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Blaming Project Delays, Tenant Jumps Office Buildings

BELLEVUE, WA-With two delays already under its belt and having received notice of a third, childcare provider Bright Horizons invoked a termination clause in its lease with Lincoln Square and signed on with The Summit, a competing office project.

By Janet Parker | Updated on March 08, 2002

BELLEVUE, WA-Bright Horizons Family Solutions, a national provider of childcare and education centers that preleased 11,000 sf in the 1.4-million-sf Lincoln Square complex by Lend Lease Real Estate Investments Inc., has jumped ship and signed on at another up-and-coming development, The Summit by Bentall Northwest.

Debbie Brown, VP of Northwest client services for Watertown, MA-based Bright Horizons, confirmed for GlobeSt.com that multiple delays in Lincoln Square’s construction prompted the firm to use an escape clause in its lease. “Obviously it would have been easer to stay (at Lincoln Square),” Brown offers. “Now we’re having to start over, and that takes time and energy. But the construction delays (at Lincoln Square) were going to put us out further than we were willing to go.”

Despite Brown’s reference to multiple delays, Richard Leider, project director for Lincoln Square, who responded to GlobeSt.com with a brief written statement, said only that “Lincoln Square ownership is proceeding with an aggressive construction schedule and is expected to open as planned in summer 2003.”

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