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Lincoln Square Gets Eddie Bauer

BELLEVUE, WA-The commitment by the newly independent retailer represents about 40% of the available office space in the tower.

By Brian K. Miller | Updated on August 15, 2005

BELLEVUE, WA-Kemper Development has landed Eddie Bauer as the anchor tenant for the 28-story office component of its 1.4-million-sf Lincoln Square development Downtown. The newly independent long-time Northwest based retailer has committed to a long-term lease for 200,000 sf, or 40% of the building, which means the tower can start rising above its three-level retail base in January, only six months behind developer Kemper Freeman’s best-case scenario.

As part of the Chapter 11 reorganization of Spiegel Inc., Eddie Bauer’s former parent, Eddie Bauer’s existing 232,000-sf headquarters campus was sold last year to its neighbor, Microsoft, for about $38 million. Eddie Bauer leased back the space for three years, which fits perfectly with the Lincoln Square office tower’s development schedule, which calls for completion in mid-2007.

Located at the corner of Northeast 8th Street and Bellevue Way, Lincoln Square includes a 2,000-slip underground parking garage topped by a three-story, 300,000-sf retail podium that, in turn, is being topped by two opposing towers: the 27-story office building and a 42-story building with a 337-room Westin on the lower floors and 148 luxury condominiums on the upper floors.

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