Lincoln Property Company’s West Coast arm LPC West and Intercontinental Real Estate have signed a long-term ground lease to construct a new 12-storey transit-oriented office building in Innovative University District in Seattle, Washington, the US.

The new 266,000ft2 University District Station Building will be located above the University District Light Rail Station, which will open later this year.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

It will include Class A office space along with nearly 3,500ft2 of ground-floor retail space.

Scheduled to be completed in 2024, the building is situated just two blocks from the University of Washington and will provide bicycle access as well as nearby bus connections.

The UW vice president for external affairs Randy Hodgins said: “The University District Station Building is the next chapter in the University’s dedication to the neighborhood. “The building will integrate light rail in an exciting way, bringing hundreds of people into the heart of the district to visit the campus, patronize a variety of great businesses, or enjoy museums, live music and other performing arts venues.”

See Also:

The University District Station Building will also have connectivity to the Seattle CBD and Seattle-Tacoma International Airport through direct underground access to the U District light rail station.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Intercontinental Real Estate Acquisitions senior director Jessica Levin said: “Coming off our recent completion of 400 University, we are excited to continue to grow our footprint in both the Seattle market as well as the University District.

“The University District Station Building provides an excellent opportunity to partner with LPC West to produce hundreds of union jobs while investing in one of the premier transit-oriented sites in the city.”

———————————————————————————————————————

University District Station Building will include Class A office space and approximately 3,500ft2 of retail space. Credit: Luis Ricardo Rivera from Pixabay.