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June 10, 2015

Oculus leases space from American Life

Journal Staff Reporter

Oculus will take about 51,000 square feet in Stadium Innovation Center.

Oculus VR, a company owned by Facebook that is developing a virtually reality headset called Oculus Rift, has leased one floor at Stadium Innovation Center in Sodo.

Dan Dahl, a senior vice president at Colliers International, said Oculus is leasing about 51,000 square feet.

Stadium Innovation Center is at 1531 Utah Ave. S. and was developed by American Life Inc.

The building now appears to be full. Officespace.com shows that in March the building had 51,451 square feet of vacant space.

Oculus and American Life Inc. did not return requests for comment, and Facebook's broker declined to comment.

Oculus said last year it planned to open a research and development office in Seattle.

Facebook acquired Oculus for more than $2 billion in 2014. Part of the agreement was that Oculus would retain some independence.

American Life's website says the six-story Stadium Innovation Center was finished in May 2010. The $59.8 million project has 170,689 rentable square feet of retail, commercial and light industrial space.

It has a gym, bike racks and decks on three floors with views of downtown Seattle and Puget Sound. Infrastructure in the building supports biotech uses and data centers.

Freiheit & Ho Architects designed it, and the contractor was Sodo Builders, which is American Life's construction division.

American Life also built an office complex directly east of Stadium Innovation Center that is called Home Plate Center, with about 325,000 square feet in two buildings. Freiheit & Ho and Sodo Builders designed and built Home Plate Center.

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