Skanska Signs Major Lease at 2+U Development in Seattle, WA, USA

Press release 12/18/2018 7:00 AM EST

Skanska has signed a long-term lease with Indeed.com, the leading online employment search company, for 200,000 square feet for new Seattle office headquarters, at the 2+U office development in Seattle, Washington, USA.

Skanska Signs Major Lease at 2+U Development in Seattle

Indeed is the first tenant for 2+U and will take occupancy in the fourth quarter of 2019. With this transaction, the office portion of the development project is now 29 percent leased.

2+U is a 38-story, 686,000 square-foot office development in Seattle’s Central Business District. The project is targeting LEED Gold. Located at the corner of Second Avenue and University Street, the office tower rises 85 feet off the ground at the highest point revealing a 24,000 square-foot outdoor urban village with nearly 17,000 square feet of local retail, and arts and cultural space. Skanska began construction in February 2017 and expects to complete construction operations in the third quarter of 2019.

Since 2009, Skanska USA Commercial Development has invested more than $2 billion in office and multi-family projects, and has developed office headquarters for tenants including, Waste Management Inc., Bank of America, Brooks Sports, PricewaterhouseCoopers and Tommy Bahama.

Skanska is one of the leading development and construction companies in the USA, specializing in building construction, civil infrastructure, public-private partnerships and commercial property developments in select US markets. Skanska USA had sales of SEK 59 billion in 2017 and has approximately 9,500 employees.