{"id":1004757421,"date":"2025-05-09T03:39:45","date_gmt":"2025-05-09T11:39:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004757421"},"modified":"2025-05-11T20:46:39","modified_gmt":"2025-05-12T04:46:39","slug":"casey-family-eyes-79-ksf-seattle-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/casey-family-eyes-79-ksf-seattle-hq\/","title":{"rendered":"Casey Family Eyes 79 KSF Seattle HQ"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a258b6384606&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004757425\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/casey-family-eyes-79-ksf-seattle-hq\/800-fifth-credit-aaron-leitz\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/800-Fifth-credit-Aaron-Leitz-1.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"800 Fifth (credit Aaron Leitz)\" data-image-description=\"&lt;p&gt;Exterior shot of the lobby at 800 Fifth, an office building in Seattle.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 42-story office building at 800 5th Ave. went through multiple cosmetic renovations, including lobby upgrades and common area improvements. Image by Aaron Leitz, courtesy of CBRE&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/800-Fifth-credit-Aaron-Leitz-1.jpg?w=1000\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/800-Fifth-credit-Aaron-Leitz-1.jpg\" alt=\"Exterior shot of the lobby at 800 Fifth, an office building in Seattle.\" class=\"wp-image-1004757425\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/800-Fifth-credit-Aaron-Leitz-1.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/800-Fifth-credit-Aaron-Leitz-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/800-Fifth-credit-Aaron-Leitz-1.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The 42-story office building at 800 5th Ave. went through multiple cosmetic renovations, including lobby upgrades and common area improvements. <em>Image by Aaron Leitz, courtesy of CBRE<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>In what is considered the largest new lease in downtown Seattle this year, Casey Family Programs has signed a 79,189 square-foot agreement for a new headquarters at 800 Fifth, a 42-story office building. CBRE brokered the deal on behalf of the tenant and the landlord, EQ Office.<\/p>\n\n\n\n<p>The ownership acquired the asset in January 2019 for almost $540.4 million, according to CommercialEdge information. Hines Interests sold the property.<\/p>\n\n\n\n<p>The nonprofit organization\u2019s current headquarters is at West8, another Seattle office property, located 1 mile from its future space. Situated within the city\u2019s central business district at 800 5th Ave., the entity&#8217;s new location is also 15 miles from Seattle\u2013Tacoma International Airport.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/office-vacancy-increase-persists-commercialedge\/\">2025 Office Vacancy Update<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Completed in 1981, the 940,000-square-foot high-rise went through cosmetic renovations in 2001 and 2016, which included the overhaul of common areas, lobby and tenant amenity spaces. The current owner is also adding a conference and event facility, slated for completion by the end of the year.<\/p>\n\n\n\n<p>Additional amenities include a renovated outdoor plaza, garden area, fitness center and a five-story subterranean garage, as well as 17,000 square feet of retail space. Floorplates at the LEED Platinum-certified building average 40,180 square feet.<\/p>\n\n\n\n<p>CBRE Vice Chair Craig Kinzer, Senior Vice President Steve Schwartz and First Vice President Sean Sussex represented the tenant. Senior Vice Presidents Scotta Ashcraft and Nick Carkonen, along with First Vice President Riley Shephard represented the landlord.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-seattle-s-office-vacancy-rate-continues-to-rise\">Seattle\u2019s office vacancy rate continues to rise<\/h2>\n\n\n\n<p>Seattle\u2019s office vacancy rate at the end of the first quarter clocked in at 27.5 percent, up 490 basis points over a 12-month period and well above the 19.9 percent national figure, according to the latest <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-office-report-april-2025\/\">CommercialEdge office report<\/a>. However, the market\u2019s listing rate as of March was $38.7, slightly above the $33.4 national index.<\/p>\n\n\n\n<p>Despite an alarming rise in the vacancy rate, some deals are still penciling out. Last month, UW Medicine\u2019s Institute for Protein Design signed a 31,837-square-foot lease at Cascadian at 330 Yale in Seattle. This marked the <a href=\"https:\/\/www.commercialsearch.com\/news\/kkr-inks-life-science-lease-in-seattle\/\">first major life science lease agreement<\/a> in the city this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This marks the largest new lease agreement in downtown Seattle this year.<\/p>\n","protected":false},"author":3355,"featured_media":1004757425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,21742,21747,1610,15],"tags":[43400],"class_list":["post-1004757421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-latest","category-office","category-seattle","category-west","tag-eq-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Casey Family Eyes 79 KSF Seattle HQ - 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