BELLEVUE, WA-Locally based John L. Scott Real Estate is relocating two local branches within the city and keeping its headquarters in the same place. The locally based regional residential real estate brokerage firm has leased 13,841 sf at US Bank Plaza, 15,979 sf in the Main Street Building and renewed its 24,692-sf headquarters lease at Lincoln Executive Center. All three buildings are owned by Equity Office Properties Trust.The space in US Bank Plaza will replace John L. Scott’s existing 11,760-sf downtown location at Bellevue Place. The move will occur this month. The Main Street Building location will replace the company’s branch in Washington Mutual Plaza at 188 106th Avenue N.E. The firm will take occupancy at the Main Street Building in Spring 2005. Both moves correspond to lease expirations. Chris Reid of Colliers International represented John L. Scott in the transactions.Reid tells that John L. Scott initially planned to renew its Bellevue Place lease but found a great location when it was out shopping for a new location for its Washington Mutual Plaza branch. The asking lease rate at US Bank Plaza are $21.51 per sf per year on a full service basis. The asking lease rate at the Main Street Building is $22 per sf per year on a full service basis.A source at EOP tells that the leases bring US Bank Plaza to 94% leased and Main Street to 100% leased. The headquarters lease renewal keeps Lincoln Executive Center at 93% leased, according to the source. All told, EOP owns about 4.8 million sf in Bellevue.

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