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BELLEVUE, WA-Supermarket giant Safeway Inc. has subleased nearly 57,000-sf of office/industrial space from Teledesic, a satellite communications services company, in downtown Bellevue.

Safeway will occupy 56,893-sf of space in the 147,000-sf building, which is located at 1445 120th Ave. N.E., north of Lake Bellevue. It plans to use the space as a beverage repackaging plant. The building is a former HomeGrocer.com warehouse that has been partially converted by Teledesic into office space.

A few years ago, Teledesic converted 50,000-sf of the building into office space and added a 22,000-sf mezzanine, bringing a total of 72,000-sf of office space to the building and increasing the total space to 147,000-sf from 125,000-sf. The company’s lease agreement will not expire for another six years. The lease rate was not released, but asking rates in the area average about $34 per sf.

Insignia Kidder Mathews represented Safeway in the sublease agreement, while Steven C. Johnson & Associates and Raskin & Associates represented the Teledesic.

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