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Microvision Inks 67,000-SF Office-Flex Lease

REDMOND, WA-The developer of high-resolution displays and imaging systems takes space in CarrAmerica Realty Corp.'s Redmond East Business Campus, dropping vacancy at the 487,650-sf development to 41% from more than 58%.

By Brian K. Miller | Updated on July 18, 2005

REDMOND, WA-Microvision Inc. has leased about 67,000 sf at the Redmond East Business Campus. The developer of high-resolution displays and imaging systems will occupy all of Building 18 and the first floor of Building 19. Redmond East Business Campus is a 12-building, 486,000-sf park owned by publicly held CarrAmerica Realty Corp, of Washington, DC. The Microvision lease, which commences early next year, leaves about 165,000 sf available for lease, according to officespace.com.CarrAmerica owns, directly or through joint ventures, 26 million sf of office space in 288 properties. Redmond East Business Campus is near Redmond Town Center and adjacent to the 640-acre Marymoor Park, which borders the Sammamish River. Al Hodge, Chris Langer and Paul Jerue of Broderick Group represented CarrAmerica. Brian Kelly and Eric Lonergan of Washington Partners represented Microvision. Lonergan tells GlobeSt.com that Microvision is relocating from Schnitzer North Creek in Bothell. Microvision’s lease there runs our in April 2006, which is about when they plan to move to Redmond. A portion of Microvision’s first floor space in Bothell was already being sublet by its sister company, publicly traded Lumera. When Microvision moves out, Lonergan says Lumera will take over the rest of that first-floor space in a direct deal with Schnitzer Northwest.

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