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March 24, 2015

Amazon will lease Troy Block, Touchstone's project in SLU

By NAT LEVY
Journal Staff Reporter

Courtesy Perkins + Will [enlarge]
Amazon will move in when both buildings are done in 2017.

Amazon.com has agreed to lease all 817,000 square feet of office space in Touchstone Corp.'s Troy Block project in South Lake Union.

The two-building complex is under construction at 307 Fairview Ave. N. One building will be 12 stories and the other will be 13 stories.

The first building will open in the third quarter of 2016, and the other one should open about a year later, said A-P Hurd of Touchstone.

Amazon will move in when both are complete, according to Amazon's director of global real estate and facilities, John Schoettler.

He said in a statement, “We're really excited to continue growing our urban campus in the heart of Seattle.”

Amazon's footprint has been expanding rapidly for years. Prior to the Troy Block lease, Amazon had more than 9.1 million square feet of space occupied, planned or under construction, according to a recent report from Jones Lang LaSalle.

That figure includes all the space it leases throughout the city as well as the more than 4 million-square-foot campus it is building in the Denny Triangle, and its South Lake Union campus.

At an Urban Land Institute event last year, Schoettler said Amazon expects to occupy 10 million square feet by 2019.

With the Troy Block lease — and all the space it is planning in its Denny headquarters — Amazon will hit that goal.

Touchstone's partner on Troy Block is USAA Real Estate Co., the real estate arm of the United Services Automobile Association.

Perkins + Will is the architect and Lease Crutcher Lewis is the general contractor. David and Tom Abbott of Colliers International are the office brokers.

The complex will incorporate facades from two historic properties: Troy Laundry and Boren Investment Block.

The Troy Block website claims the building will have 50 percent more square footage per floor than any other building in South Lake Union.


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