Google Inc. Preleases 195,000-SF Office Campus

KIRKLAND, WA-Google is expanding in the Seattle area. The ubiquitous search engine company from Mountain View, CA, confirmed this morning for GlobeSt.com that it has preleased a 195,000-sf, three building campus here that is under construction near existing Google facilities. Located a few blocks from both the city’s Downtown core and its existing offices, Lakeview Plaza is expected to be ready for occupancy next summer.

The developer is SRM Development of Spokane, WA; Paul Sweeney and Jeff Watson of the Broderick Group had the listing assignment. The negotiated lease rate for Google’s “long-term” lease was not released by the parties involved. Prior to the deal, the asking net rental rate for the complex was $28.85 per sf per year, with operating expenses estimated at $8.25 per sf per year, putting the annual full-service asking rate at $37.10, according to Broderick Group.

The buildings are located at 747-787 Sixth St. S., which abuts a Burlington Northern Santa Fe Railroad that runs between I-405 and Lake Washington. The concrete and steel buildings will give workers views of Lake Washington and the Olympic Mountains. Other campus amenities include exterior decks, plaza areas, water features and convenient access to both Interstate 405 and State Route 520. The largest of the three buildings is 68,892 sf; the other two buildings are each approximately 63,000 sf.