{"id":1004784228,"date":"2026-01-19T07:30:48","date_gmt":"2026-01-19T15:30:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004784228"},"modified":"2026-01-19T07:31:49","modified_gmt":"2026-01-19T15:31:49","slug":"jpmorgan-chase-expands-downtown-seattle-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/","title":{"rendered":"JPMorgan Chase Expands Downtown Seattle Footprint"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle.jpg\"><img decoding=\"async\" data-attachment-id=\"1004784232\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/1301-second-ave-in-seattle\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle-e1768577248204.jpg\" data-orig-size=\"640,480\" 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;\\u00a9 Yardi Systems, Inc.&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=\"1301 Second Ave. in Seattle\" data-image-description=\"&lt;p&gt;Image courtesy of Yardi Matrix.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The property was recently renamed JPMorganChase Center. Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle-e1768577248204.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle.jpg\" alt=\"Exterior shot of 1301 Second Ave., a \t886,000-square-foot office skyscraper in Seattle's CBD.\" class=\"wp-image-1004784232\" style=\"width:400px\"\/><\/a><figcaption class=\"wp-element-caption\">Renamed JPMorganChase Center, the tower at 1201 Third Ave. was awarded LEED Platinum certification in 2015 and again in 2020. <br><em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>JPMorgan Chase &amp; Co. has expanded to 128,000 square feet at CommonWealth Partners\u2019 office tower at 1301 Second Ave., in Seattle\u2019s central business district, <a href=\"https:\/\/www.seattletimes.com\/business\/local-business\/jpmorganchase-expands-downtown-seattle-office-renames-tower\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><em>The Seattle Times<\/em> reported<\/a>. The financial services firm is adding more than 40,000 square feet at the property, occupying a total of five floors.  <\/p>\n\n\n\n<p>Following the lease signing, CommonWealth Partners\u2019 building has changed its name from Russell Investments Center to JPMorganChase Center, to accommodate its newest and largest tenant.<\/p>\n\n\n\n<p>The new office space can house as many as 850 of JPMorgan&#8217;s employees, the <a href=\"https:\/\/www.bizjournals.com\/seattle\/news\/2026\/01\/14\/jpmorgan-chase-russell-investments-center-bank.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><em>Puget Sound Business Journal <\/em>wrote<\/a>. In the fourth quarter, the bank is planning to relocate its technology center from its current space of 20,000 square feet at 1201 Third Ave. to JPMorganChase Center.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-seattle-s-leed-platinum-skyscraper\">Seattle&#8217;s LEED Platinum skyscraper<\/h2>\n\n\n\n<p>Completed in 2006, the skyscraper on Second Avenue has been under CommonWealth Partners\u2019 ownership since 2012. The firm purchased the 886,000-square-foot tower from Northwestern Mutual Real Estate for $480 million, Yardi Matrix data shows.<\/p>\n\n\n\n<p>Rising 42 stories in Seattle\u2019s central business district, the office building features floorplates of 23,000 square feet, as well as subterranean parking with more than 450 spots. The high-rise was first awarded LEED Platinum certification in 2015, then again in 2020. Other tenants include law firms Perkins Coie, Ballard Spahr Lane Powell, Hagens Berman Sobol Shapiro and Morgan Lewis &amp; Bockius, Yardi Matrix data shows.<\/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\/green-building-trends\/\">Green Building Trends in 2026<\/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>JPMorganChase Center sits on the same block as the Seattle Art Museum downtown, within easy walking distance of both the Seattle Central Library and the city\u2019s Great Wheel. The property is also within one block of the Symphony metro station on Line 1.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-seattle-office-market-stumbles\">Seattle office market stumbles<\/h2>\n\n\n\n<p>November 2025 saw Seattle&#8217;s average office listing rates drop 5.2 percent year-over-year to $34.0 per square foot, slightly higher than the national figure of $32.77, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/office-report-construction-falls-to-historic-lows-pricing-reached-bottom\/\">recent Yardi Matrix report<\/a>. Meanwhile, Seattle&#8217;s peer markets had significantly higher average listing rates during the same time frame. As always, Manhattan stood at the top of the list with $68.38 per square foot, followed by San Francisco ($65.03 per square foot), the Bay Area ($52.49 per square foot), Boston ($48.66 per square foot) and Los Angeles ($46.38 per square foot). <\/p>\n\n\n\n<p>The metro&#8217;s vacancy rates rose to 26.6 percent as of November 2025, up 60 basis points on a trailing 12-month basis. The national rate stood at 18.5 percent, down 90 basis points compared to the same time in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The financial services firm is also relocating its technology center.<\/p>\n","protected":false},"author":3619,"featured_media":1004784232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747,1610,15],"tags":[35096,35274],"class_list":["post-1004784228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-office","category-seattle","category-west","tag-commonwealth-partners","tag-jpmorgan-chase"],"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>JPMorgan Chase Expands Downtown Seattle Footprint - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"JPMorgan Chase &amp; Co. has expanded to 128,000 square feet at CommonWealth Partners\u2019 office tower at 1301 Second Ave. in Seattle.\" \/>\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\/jpmorgan-chase-expands-downtown-seattle-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JPMorgan Chase Expands Downtown Seattle Footprint\" \/>\n<meta property=\"og:description\" content=\"JPMorgan Chase &amp; Co. has expanded to 128,000 square feet at CommonWealth Partners\u2019 office tower at 1301 Second Ave. in Seattle.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/\" \/>\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=\"2026-01-19T15:30:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-19T15:31:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle-e1768577248204.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/\",\"name\":\"JPMorgan Chase Expands Downtown Seattle Footprint - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle-e1768577248204.jpg\",\"datePublished\":\"2026-01-19T15:30:48+00:00\",\"dateModified\":\"2026-01-19T15:31:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df\"},\"description\":\"JPMorgan Chase & Co. has expanded to 128,000 square feet at CommonWealth Partners\u2019 office tower at 1301 Second Ave. in Seattle.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle-e1768577248204.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle-e1768577248204.jpg\",\"width\":640,\"height\":480,\"caption\":\"The property was recently renamed JPMorganChase Center. Image courtesy of Yardi Matrix\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JPMorgan Chase Expands Downtown Seattle Footprint\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df\",\"name\":\"Maria Maruta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78\",\"caption\":\"Maria Maruta\"},\"description\":\"Maria Maruta is an Associate Editor with Multi-Housing News and Commercial Property Executive. Maria completed a Bachelor's in Art History and a Master's in Film Studies at the University of Groningen, The Netherlands. Currently, she writes commercial real estate news, particularly on the office, retail, coworking and self storage sectors. You may reach her at maria.maruta@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/maria-maruta\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JPMorgan Chase Expands Downtown Seattle Footprint - Commercial Property Executive","description":"JPMorgan Chase & Co. has expanded to 128,000 square feet at CommonWealth Partners\u2019 office tower at 1301 Second Ave. in Seattle.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/","og_locale":"en_US","og_type":"article","og_title":"JPMorgan Chase Expands Downtown Seattle Footprint","og_description":"JPMorgan Chase & Co. has expanded to 128,000 square feet at CommonWealth Partners\u2019 office tower at 1301 Second Ave. in Seattle.","og_url":"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2026-01-19T15:30:48+00:00","article_modified_time":"2026-01-19T15:31:49+00:00","og_image":[{"width":640,"height":480,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle-e1768577248204.jpg","type":"image\/jpeg"}],"author":"Maria Maruta","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/","url":"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/","name":"JPMorgan Chase Expands Downtown Seattle Footprint - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle-e1768577248204.jpg","datePublished":"2026-01-19T15:30:48+00:00","dateModified":"2026-01-19T15:31:49+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df"},"description":"JPMorgan Chase & Co. has expanded to 128,000 square feet at CommonWealth Partners\u2019 office tower at 1301 Second Ave. in Seattle.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle-e1768577248204.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle-e1768577248204.jpg","width":640,"height":480,"caption":"The property was recently renamed JPMorganChase Center. Image courtesy of Yardi Matrix"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jpmorgan-chase-expands-downtown-seattle-footprint\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"JPMorgan Chase Expands Downtown Seattle Footprint"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df","name":"Maria Maruta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78","caption":"Maria Maruta"},"description":"Maria Maruta is an Associate Editor with Multi-Housing News and Commercial Property Executive. Maria completed a Bachelor's in Art History and a Master's in Film Studies at the University of Groningen, The Netherlands. Currently, she writes commercial real estate news, particularly on the office, retail, coworking and self storage sectors. You may reach her at maria.maruta@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/maria-maruta\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/01\/1301-Second-Ave.-in-Seattle-e1768577248204.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004784228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3619"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004784228"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004784228\/revisions"}],"predecessor-version":[{"id":1004784381,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004784228\/revisions\/1004784381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004784232"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004784228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004784228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004784228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}