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Jul 17, 2006

Equity Office Signs Three Deals in its Bellevue CBD Portfolio; Becomes Second Largest Building Customer

BELLEVUE, Washington, July 17, 2006 -- Equity Office has completed three deals totaling more than 43,000 square feet of office space at One Bellevue Center and City Center Plaza in downtown Bellevue.
The largest long-term deals include a 21,045-square-foot expansion at One Bellevue Center by ChemPoint, the leading “e-distributor” of specialty and fine chemicals in North America, and a 12,300-square-foot expansion by Intelius, a leading information commerce company providing consumers and businesses with predictive intelligence, at City Center Bellevue. Both buildings are more than 90 percent occupied.
“Our portfolio in the Bellevue CBD is approximately 95 percent occupied, largely in part because we continue to see organic growth by our existing customers,” said Patrick Callahan, senior vice president for Equity Office’s Seattle Region. “While the bustling economy in Bellevue is broad-based, for the first time in several years, we are beginning to see a resurgence in the tech industry, and we feel confident this growth is sustainable.”
ChemPoint now occupies 47,039 square feet on floors 10, 11, 20 and 22 of One Bellevue Center. The company relocated to the building from Factoria in 2004, and is now the property’s second largest building customer. Suzanne Baugh with the Staubach Company represented ChemPoint in the transaction.
Intelius now occupies approximately 20,000 square feet on floors 14, 16 and 25 at City Center Bellevue. The company has been a building customer since 2003. Craig Levine at Washington Partners represented Intelius in the transaction.
In addition, California-based Paramount Equity Mortgage signed a new lease for 9,206 square feet on the fourth floor of One Bellevue Center. This is the first location for the company in Washington State. Oscar Oliveira with Colliers International represented the firm in the transaction.
Equity Office Leasing Director Don Matt represented building ownership in the three transactions.

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