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Wright Runstad Set to Launch Construction on Rainier Square Jewel Box

Wright Runstad & Co. plans to commence construction next week on 400 University, a 10-story office building at Seattle’s Rainier Square. The 110,000-square-foot Class A jewel box building at the corner of Fourth and University was originally planned as a hotel, but the developer elected to shift uses given the demand for office space in downtown Seattle.

The new building will be built next to the Amazon-leased 58-story Rainier Square, which the ecommerce giant plans to sublease out, with Bank of America already taking some of the space. The 1.2-million-square-foot Rainier Square project is slated to open early next year, and 400 University is anticipated to deliver in July 2021.

Tech tenants typically seek higher data security than can be achieved with remote workers in the COVID-19 era. Wright Runstad’s Greg Johnson told the Puget Sound Business Journal, “…employers are very interested in getting back to the office as quickly as they can…My personal belief is that we’re going to end up with about the same amount of total space as there is now.”

Colliers International’s David Abbott and Greg Inglin are handling 400 University’s leasing assignment.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

Step 1: Select Education
  • ◦Development
  • ◦Lease