Peter Truex, Sr. VP with the Staubach Company, together withassociate Sean Barnes, worked the deal on behalf of the tenant.Truex tells GlobeSt.com the financial services company (whichStaubach represents in the Northwest) has resided in Two UnionSquare for a solid decade -- since shortly after the 56-story towerwas completed in 1989.

"Morgan Stanley took a look at their options throughout themarket and elected to work with Unico and re-sign here because thereal estate works for them and clients," says Truex, adding thatwith the market being what it is, "It was a good time torenew."

Truex was barred by agreement from disclosing the rent agreed toby Morgan Stanley in the extension of its 29th-floor space. Afourth-quarter report now pegs Class A space in Seattle's CBD at$34.25/sf. And, a listing on OfficeSpace.com by the building'sleasing manager, Unico, states a rent range from $37/sf to $52/sf-- depending on size and floor.