{"id":1004103412,"date":"2014-09-08T06:13:00","date_gmt":"2014-09-08T14:13:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004103412"},"modified":"2022-12-08T01:32:43","modified_gmt":"2022-12-08T09:32:43","slug":"vulcan-signs-costco-to-office-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vulcan-signs-costco-to-office-lease\/","title":{"rendered":"Vulcan Signs Costco to Office Lease"},"content":{"rendered":"<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Sammamish-Park-Place-street-level.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004103415\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/vulcan-signs-costco-to-office-lease\/sammamish-park-place-street-level\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Sammamish-Park-Place-street-level.jpg\" data-orig-size=\"500,300\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1216117477&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.00625&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Sammamish Park Place street level\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Sammamish-Park-Place-street-level.jpg?w=500\" class=\"alignright size-medium wp-image-1004103415\" alt=\"Sammamish Park Place street level\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Sammamish-Park-Place-street-level.jpg\" width=\"300\" height=\"180\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Sammamish-Park-Place-street-level.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Sammamish-Park-Place-street-level.jpg?resize=300,180 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>By Scott Baltic, Contributing Editor<\/p>\n<p>Vulcan Real Estate, of Seattle, has leased 176,656 square feet of office space at its Sammamish Park Place in Issaquah, Wash., to Costco Wholesale Corp., Vulcan announced.<\/p>\n<p>Costco has been headquartered in Issaquah since 1995 and also operates a 150,000-square-foot membership warehouse in that eastern suburb of Seattle.<\/p>\n<p>Sammamish Park Place is a three-building, Class A office complex totaling 586,823 square feet. Microsoft occupies the other two buildings.<\/p>\n<p>\u201cWith Costco\u2019s headquarters located in Issaquah, this lease was a great partnership for both parties,\u201d said Ada Healey, vice president of real estate for Vulcan Inc., in a release.<\/p>\n<p>Developed by Vulcan in 2000, Sammamish Park Place is one block east of East Lake Sammamish Parkway, with access to two I-90 exits.<\/p>\n<p>Rising employment, limited current office construction, falling vacancies and rising rents characterize the Seattle office market, according to a third-quarter report from Marcus &amp; Millichap.<\/p>\n<p>One result has been a new spate of office development, with two spec projects having begun on the Eastside and a third due to break ground in the fourth quarter.<\/p>\n<p>Average Class A vacancy had declined to 13 percent at midyear, a drop of about 280 basis points in the past two years, according to the report. Asking Class A rents are up 4.8 percent from last year, to $34.48, just 6 percent below their pre-recession peak.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vulcan Real Estate has leased 176,656 square feet in its Sammamish Park Place to Costco Wholesale Corp.<\/p>\n","protected":false},"author":882,"featured_media":1004103415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,21742,21747,15],"tags":[39480],"class_list":["post-1004103412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-latest","category-office","category-west","tag-seattle"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Vulcan Signs Costco to Office Lease - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/vulcan-signs-costco-to-office-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vulcan Signs Costco to Office Lease\" \/>\n<meta property=\"og:description\" content=\"Vulcan Real Estate has leased 176,656 square feet in its Sammamish Park Place to Costco Wholesale Corp.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/vulcan-signs-costco-to-office-lease\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-08T14:13:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T09:32:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Sammamish-Park-Place-street-level.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vulcan-signs-costco-to-office-lease\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vulcan-signs-costco-to-office-lease\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Vulcan Signs Costco to Office Lease\",\"datePublished\":\"2014-09-08T14:13:00+00:00\",\"dateModified\":\"2022-12-08T09:32:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vulcan-signs-costco-to-office-lease\\\/\"},\"wordCount\":225,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vulcan-signs-costco-to-office-lease\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/09\\\/Sammamish-Park-Place-street-level.jpg\",\"keywords\":[\"Seattle\"],\"articleSection\":[\"Brokerage\",\"Featured\",\"News\",\"Office\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vulcan-signs-costco-to-office-lease\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vulcan-signs-costco-to-office-lease\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/vulcan-signs-costco-to-office-lease\\\/\",\"name\":\"Vulcan Signs Costco to Office Lease - 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