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Skanska Signs Firm’s Largest Single Lease at The Eight in Bellevue

Skanska has signed a long-term lease for its mixed-use development, The Eight, a 25-story, office tower in Bellevue, Washington. The deal is the region’s largest office lease in almost three years and the firm’s largest lease in its history.

The tenant is Pokémon Company International per industry sources, and it will lease 526,595 square feet of the building of which 152,309 square feet is parking. The Japanese game and entertainment company was reported to have been eyeing the space back in 2023.

At 72 percent leased, The Eight is scheduled to deliver in Spring 2024 with the anchor tenant expected to take occupancy beginning January 2025. Broderick Group represented the tenant. Tim Owens, Scotta Ashcroft, and Lennon Atteberry of CBRE represented Skanska in the transaction.

Designed by Pickard Chilton, The Eight features a 7,000-square-foot open plaza, 11,000 square feet for local retail operators, and an additional 1,800-square-foot mass timber pavilion. The tower represents Skanska’s sixth development project in the Puget Sound region and its second project in Bellevue since it began development operations in 2011.

“When we started developing The Eight, our goal was to attract world-class, innovative companies who valued best in class workplace and would see The Eight as the workplace of the future. We couldn’t be more thrilled to welcome this new tenant as they call The Eight their new home.”

– Charlie Foushée, executive vice president and regional manager for Skanska USA Commercial Development’s Seattle region
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.