One Convention Place Opens with Top Floor Still Available

SEATTLE, WA-One Convention Place, the first office tower to open in the Seattle’s central business district since the early 1990s, is coming on line with only the top floor of its 22 stories yet to be leased.

All but the finishing touches have been completed as tenants begin to take up residence in the 308,580-sf building located above the Washington State Convention & Trade Center. The first four floors of the building are dedicated for an expansion of the center. The first tenants to occupy offices in One Convention Place is Medisystems, a medical device company; Lee Smart Cook Martin & Patterson PS, a law firm; and Guy Carpenter & Co., a New York-based reinsurance firm.

Other tenants include InterNap Network Services Inc., Sprint Communications, law firm Betts Patterson & Mines PS, accounting firm Grant Thornton LLP and Oles Morrison Rinker & Baker LLP, another law firm. InterNap, with seven floors, is the tower’s largest lessee. Gross rental rates on the Downtown property are listed at $40 per sf to $46 per sf.

The property is the jewel in the Northwest crown of Dallas-based developer Trammel Crow Co. One Convention Place is the first new office tower in the central business district since Wright Runstad & Co. completed the 22-story, 422,000-sf Second & Seneca Building in 1991. The downturn of the early 1990s thwarted major office developments in the CBD for several years.