Search
 

Law Firm Takes 24,000 SF at BofA Tower

SEATTLE-With the city taking over more and more space in its Seattle Municipal Tower as leases expire, tenant Carney, Badley, Spellman opts to relocate to 24,000 sf in Bank of America Tower.

By Brian K. Miller | Updated on August 14, 2005

SEATTLE-The Pacific Northwest law firm Carney, Badley, Spellman has signed a long-term lease for 24,000 sf in Bank of America Tower, a 76-story, 1.52 million-sf high-rise office building in Downtown Seattle that is owned by Equity Office Properties Trust. The firm will occupy the 19,949-sf 36th floor and 4,051 sf on the 35th floor starting around the first of October.The law firm is coming back to the building after a four-year stint at Key Tower, which has been known as Seattle Municipal Tower since the city acquired it in 1996. The city has been taking over more and more space in the building as leases expire. The lessee’s broker, O’Keefe with CBRE, tells GlobeSt.com that the law firm is moving out of about 21,000 sf at Seattle Municipal Tower and into space at BofA Tower that was previously occupied by the law firm Reed McClure. EOP was represented in-house by leasing director John Hansen.O’Keefe declined comment on the negotiated lease rate or concessions. The full-service asking rate in the building ranges from $23 per sf to $32 per sf, depending on where the space is within the building. Local brokers tell GlobeSt.com that EOP has been aggressive in negotiating with tenants who are not currently in the company’s buildings.Bank of America Tower has about 350,000 sf being marketed for lease, which represents slightly less than one quarter of the total rental space in the building. The largest contiguous area is 63,000 sf on floors 52-54, for which the full service asking rate is $30 per sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.