The deal includes 94,800 sf leased directly from Vulcan and anadditional 32,000 sf subleased from Group Health Cooperative, whichlast month moved its headquarters into the remainder of thecomplex. Microsoft says the leasehold--its largest in Seattle--willhelp it attract and retain employees who don't like or don't needto make the bumper-to-bumper cross-lake commute to companyheadquarters in Redmond, WA.

Local brokers tell GlobeSt.com that the asking lease rate forspace in the building was $40 per sf. The rate, which includes $10per sf in operating expenses, assumed a five-year lease and a$30-per-sf tenant improvement allowance. The negotiated lease rateon the transaction was not released by Vulcan or Microsoft. RayAttisha of CB Richard Ellis had the leasing assignment; he was notimmediately available Thursday afternoon for comment.

Located on the city's soon-to-be-operating streetcar line, theproject spans a full city block bordered at Westlake and Terryavenues and includes 40,000 sf of street-level-floor retail. Thedevelopment was designed to achieve a LEED Gold rating from USGreen Building Council. Callison designed the complex and GLY wasthe general contractor.