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Classmates Signs Lease at Southgate

RENTON, WA-The locally based company Classmates Online has leased 61,000 sf at Southgate Office Plaza II, a five-story class A office building totaling 155,739 sf. The move allows the fast-growing company to remain in Renton and more than double its current space.

By Gina Binole | Updated on December 17, 2002

RENTON, WA-Classmates Online Inc. has signed a deal for 61,000 sf of office space for its new headquarters at Southgate Office Plaza II. The move more than doubles its current space.

Owned, leased and managed by Equity Office Properties Trust, Southgate Office Plaza consists of one, three-story, and one, five-story class A office buildings totaling roughly 268,000 sf. Terms of the deal were not disclosed, but annual triple-net asking rates for the space were roughly $14 per sf.

“As one of the region’s fastest growing private companies, Classmates has experienced tremendous growth in revenue, membership and staff over the last several years,” says Teresa Kotwis, Classmates vice president of finance and administration. “After evaluating several locations for company headquarters, we chose to remain in Renton because of the area’s business-friendly environment and its proximity to our employees’ homes. Our new location enables Classmates to remain a vital part of the local community and offers the opportunity for continued expansion.”

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