When complete in the fall of 2003, Lincoln Square will contain 1.4 million sf, consisting of a four-star, 303-room Westin Hotel, a 530,000-sf class A high rise office building, five levels of underground parking, 148 luxury residential units and approximately 330,000 sf of retail, restaurant, entertainment and health club facilities.
Urban will take the lead in leasing the 330,000-sf retail portion of the development, consisting of lifestyle retail and restaurants, a 60,000-sf health club and a 12-screen luxury movie theater, managed by Arclight Cinemas.
The Seattle office of Blatteis Realty Co. will continue to represent The Shops at Lincoln Square in the local market.
"The announcement of this leasing contract underscores Urban's goal to build our core business as the nation's largest provider of third party management services to the retail industry," says Ross B. Glickman, chief executive officer of Urban Retail Properties Co.
Urban manages and leases more than 41 million sf in 23 states and the District of Columbia. Urban's portfolio includes assets owned by JP Morgan Investment Management, Wells Fargo Bank, MetLife, Equity Office Properties and Lend Lease Real Estate Investments, Inc.,
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