Office

The Landmark

1600 Lind Ave SW, Renton, WA, 98057-3305, US

Executive Summarydownload
The Landmark_Property for Sale

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Asset description

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in The Landmark, anchored by Seattle’s fastest growing tenant (Jeff Bezos-backed Blue Origin). The Landmark is strategically located just 10 minutes from Blue Origin’s Headquarters, and directly across the street from one of Blue Origin’s key R&D facilities. With over 3,300 employees in Renton and Kent, and 1,090 active job postings in the region, Blue Origin has leased over 875,000 square-feet in Renton and Kent in the last 18 months.


Uniquely, the Landmark offers Blue Origin a clear path to full campus occupancy within the next 5.5 years, along with build-to-suit expansion optionality; the Landmark’s 10 acres of excess land has expansive development potential with no FAR limitations and is instead only bound by a 182’ foot height limit.


The campus is a one-of-a-kind offering with brand-new best-in-class amenity programming (delivered after an extensive 2021 renovation) that brings Seattle’s fastest growing users like Blue Origin back to the office. From weekly food trucks, to exercise classes, a 4.7 per 1,000 parking ratio, and a variety of first floor huddle spaces —the Landmark checks the Office 2.0 box.

Attributes

Building area Net
274,931 sf
Occupancy
100.00%
Year built
1986
Land area Net
14.23 acres (619,859 sf)

Investment highlights

  • 100% Leased
  • 7.5 Years WALT
  • Anchored by Blue Origin
  • Development Upside

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Last updated
Nov 30, 2022