The developer is SRM Development of Spokane, WA; Paul Sweeneyand Jeff Watson of the Broderick Group had the listing assignment.The negotiated lease rate for Google's "long-term" lease was notreleased by the parties involved. Prior to the deal, the asking netrental rate for the complex was $28.85 per sf per year, withoperating expenses estimated at $8.25 per sf per year, putting theannual full-service asking rate at $37.10, according to BroderickGroup.

The buildings are located at 747-787 Sixth St. S., which abuts aBurlington Northern Santa Fe Railroad that runs between I-405 andLake Washington. The concrete and steel buildings will give workersviews of Lake Washington and the Olympic Mountains. Other campusamenities include exterior decks, plaza areas, water features andconvenient access to both Interstate 405 and State Route 520. Thelargest of the three buildings is 68,892 sf; the other twobuildings are each approximately 63,000 sf.

The lease comes on the heels of other large prelease commitmentson the east side of Lake Washington by the region's 800-poundgorillas as well as additional large leases by Google in the BayArea. In June,Expedia Inc. signed a 10-year lease for 84% of Tower 333, a414,000-sf, 20-story office building under construction next doorto Kirkland in Downtown Bellevue. The online travel company willrelocate its headquarters to the building from Sunset CorporateCampus along Interstate 90 in November 2008, approximately one yearafter the building is expected to be ready for tenant improvements.Expedia's annual net rent will start at $25.85 per sf and end at$35.85, according to an SEC filing. Operating expenses will addabout $10 per sf.