{"id":1004121867,"date":"2015-06-23T10:28:43","date_gmt":"2015-06-23T18:28:43","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=353675"},"modified":"2022-12-07T20:08:21","modified_gmt":"2022-12-08T04:08:21","slug":"non-profit-health-plan-leases-large-chunk-of-downtown-office-tower-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/non-profit-health-plan-leases-large-chunk-of-downtown-office-tower-2\/","title":{"rendered":"Non-Profit Health Plan Leases Large Chunk of Downtown Office Tower"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

Community Health Plan of Washington has just signed an agreement that will relocate\u00a0the not-for-profit organization to\u00a01111 Third Avenue, one of Seattle\u2019s tallest skyscrapers. It will take over 16 percent of the building’s space when it moves from its current location late next year.<\/p>\n

\"1111<\/a><\/p>\n

1111 Third Avenue<\/p>\n<\/div>\n

Owned by Ivanhoe Cambridge and its local partner, Callahan Capital Properties, the 34-story tower was acquired last fall<\/a> along with the nearby Second & Spring building for a combined $280 million from Chicago-based Walton Street Capital.<\/p>\n

The new tenant will be assuming 91,816 square feet of space on the six lower floors. The asset\u2019s new owners acted quickly in attracting a new tenant to the building at a time when downtown Seattle\u2019s office market could not be hotter. \u00a0The owners worked with Urbis Partners, while Washington Partners represented the tenant.<\/p>\n

The Class A office asset was substantially renovated before last year\u2019s sale, with upgrades to the common areas, new building systems and an expansive new fitness center. Located in the city\u2019s rapidly developing downtown core, the 572,500-square-foot tower offers tenants access to important transit lines and a wide array of shopping and dining options.<\/p>\n","protected":false},"excerpt":{"rendered":"

1111 Third Avenue, one of Seattle’s tallest skyscrapers, just received a new tenant that will be taking over 16 percent of the space at the building. Community Health Plan of Washington has signed an agreement with the current owners which will see the not-for-profit organization move from its current location late next year.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1610],"tags":[],"class_list":["post-1004121867","post","type-post","status-publish","format-standard","hentry","category-latest","category-seattle"],"acf":[],"yoast_head":"\nNon-Profit Health Plan Leases Large Chunk of Downtown Office Tower - 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\/non-profit-health-plan-leases-large-chunk-of-downtown-office-tower-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Non-Profit Health Plan Leases Large Chunk of Downtown Office Tower\" \/>\n<meta property=\"og:description\" content=\"1111 Third Avenue, one of Seattle’s tallest skyscrapers, just received a new tenant that will be taking over 16 percent of the space at the building. Community Health Plan of Washington has signed an agreement with the current owners which will see the not-for-profit organization move from its current location late next year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/non-profit-health-plan-leases-large-chunk-of-downtown-office-tower-2\/\" \/>\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=\"2015-06-23T18:28:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T04:08:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/1111-Third-Seattle.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\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\\\/non-profit-health-plan-leases-large-chunk-of-downtown-office-tower-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/non-profit-health-plan-leases-large-chunk-of-downtown-office-tower-2\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Non-Profit Health Plan Leases Large Chunk of Downtown Office Tower\",\"datePublished\":\"2015-06-23T18:28:43+00:00\",\"dateModified\":\"2022-12-08T04:08:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/non-profit-health-plan-leases-large-chunk-of-downtown-office-tower-2\\\/\"},\"wordCount\":208,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/non-profit-health-plan-leases-large-chunk-of-downtown-office-tower-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/06\\\/1111-Third-Seattle.jpg\",\"articleSection\":[\"News\",\"Seattle\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/non-profit-health-plan-leases-large-chunk-of-downtown-office-tower-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/non-profit-health-plan-leases-large-chunk-of-downtown-office-tower-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/non-profit-health-plan-leases-large-chunk-of-downtown-office-tower-2\\\/\",\"name\":\"Non-Profit Health Plan Leases Large Chunk of Downtown Office Tower - 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