New Construction | Remaining Direct Space Available at 5th & Madison

April 23, 2018

Derek Pedersen

Market Expert
Associate, Savills Studley
Washington Licensed Real Estate Broker

Call 206-422-6198

Located at one of Seattle’s most prominent intersections 5th and Madison, this innovative, vertical corporate campus is designed from street to sky to help tenants attract top talent and maximize productivity. Madison Centre’s three-story Grand Rotunda welcomes guests to this iconic office tower, which features a host of alternative workspaces, a large conference center, a best-in-class fitness center, breath taking views of Puget Sound and the city.Madison Centre offers an amenity rich, vertical urban campus that will appeal to everyone from Millennials to Baby Boomers and will help to attract and retain talent. Separate elevator banks service the High-Rise, Mid-Rise, and Low-Rise at Madison Centre. Not to mention the impressive rooftop deck with panoramic views of the entire Puget Sound region. The new high-rise completed in fall of 2017 can accommodate full floor tenants or large blocks of office space needs. Floor plate sizes are approximately 22,000 rentable square feet, with more specific details below.

High-Rise Floor Plates +/- 22,200 RSF

Mid-Rise Floor Plates +/- 22,400 RSF

Low-Rise Floor Plates +/- 22,000 RSF

 

Notable Tenants:

EY Society (EY’s data consulting arm)

Textio (augmented writing platform)

Portent (Digital Marketing Agency)

Booking.com (travel website)

Davis Wright Tremaine (Nationally recognized law firm)

B&H Architects (Global consulting + design firm)

 

Availabilities- cold shell

Floors 8, 9, & 10@ $34.00/NNN

Floors 21 & 22 @ $38.50/NNN

Floors 24, 25, 26 & 27 @ $41.50/NNN

Floors 35 & 36 @ $46.00/NNN

 

Regarding Landlord’s TIA: A recent deal completed in February granted the tenant an allowance of $95.00 per square foot, according to local general contractor Schuchart, estimated costs after everything is said and done will end up around $120-130 per square foot for newly designed tech space. Be prepared to come out of pocket on this build-out.

 

Building Details and Features:

  • 746,000 SF Class A+ office building
  • Average floor plate size is approximately 22,000 SF
  • 37-story office with 7,500 SF ground level retail
  • 7 levels of underground parking – 1/1,300 RSF parking ratio
  • Superior building common area features:
  • The Grand Rotunda featuring a fireplace, living wall and library
  • Rooftop gathering space with panoramic views
  • Fitness & Wellness Center managed by the Washington Athletic Club
  • Large conference and training center
  • Quiet rooms
  • Board room

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