Neighborhood Health insurance Leases 92,000 SF at 1111 Third in Downtown Seattle

Neighborhood Health insurance of Washington has actually rented 91,816 square feet on 6 much lower floors of the 1111 Third Opportunity Building at 1111 3rd Ave. in Seattle.

The local non-profit health plan will certainly relocate from its existing location at the 8th & & Olive Building in late 2016 when its new lease commences.

The 34-story, 631,040-square-foot office tower was built in 1980 on the southwest corner of 3rd Ave. and Seneca St. in downtown Seattle’s CBD submarket. It is LEED Silver-certified and Energy Star-rated for its operating performance.

The building features a six-level underground garage, atrium, conferencing facilities, 12-foot piece heights, access to public transit, views of Elliott Bay and the Olympic Mountains, and distance to numerous retail and dining alternatives.

Ivanhoé Cambridge, Inc., the realty subsidiary of Canadian fund supervisor Caisse de dépôt et placement du Québec, and Callahan Capital Residence, a real estate personal equity firm focused on workplace product in significant U.S. main business districts, got the equipment as part of a portfolio sale that also consisted of the Second & & Spring Bldg at 1100 Second Ave. for an aggregate $280 million in November 2014, according to CoStar information.

Larry Almeleh and Pat Pendergast of Washington Partners represented the tenant in lease arrangements. Lisa Stewart and Jim Allison of Urbis Partners represented building ownership.

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