Updated Jan 19, 2026
J.P. Morgan Chase Leases 128000 Sq. Ft. Office Space At CommonWealth Partners Seattle Tower
1301 2nd Avenue
Building Size
128,000 SF
Asset Type
Office
Closing
Jan 19, 2026
About this deal
AI
The property asset is located at 1301 2nd Avenue in Seattle, WA. This office space comprises 128,000 square feet and is part of a larger tower owned by CommonWealth Partners. The building is being renamed to accommodate a new major tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Brett J. Munger
- Landlord Agency: CommonWealth Partners
- Tenant: J.P. Morgan Chase
- Market: Seattle, WA
- Square Footage: 128,000
J.P. Morgan Chase is expanding their operations by leasing the entire 128,000 square feet across five floors, which will accommodate up to 850 employees. This significant move reinforces the tenant's commitment to the Seattle market.
On the Map
Office
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Seattle Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93