Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SEATTLE-Seattle Coffee Co., now a division of Starbucks, will vacate its headquarters in the Fifth & Pine Building and merge into Starbucks Center by the end of January.

Seattle Coffee Co. leased the 26,788-sf fifth floor of the Fifth & Pine Building in late 2001 and its lease runs through 2009. Grubb & Ellis broker James Keating has the sublease assignment. The annualized triple-net asking rental rate is $11.15 per sf. The flyer on the property states that furniture and phones could be worked into a deal, and that an additional 13,000 sf is available on a direct basis.

Starbucks paid Atlanta-based AFC Enterprises Inc. $72 million in cash for Seattle Coffee Co. this past summer. The purchase included the Seattle’s Best Coffee and Torrefazione Italia Coffee brands, which soon will be roasted at Starbucks roasting facility in Kent, WA, rather than Seattle Coffee Co.’s facility on Vashon Island.

Starbucks Center is the largest building in Seattle with two million sf of office, retail and warehouse space. Starbucks leases a goodly potion of the building to other users. About 2,500 Starbucks employees work at the center.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.