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1301 2nd Avenue

Updated Jan 19, 2026

J.P. Morgan Chase Leases 128000 Sq. Ft. Office Space At CommonWealth Partners Seattle Tower
LEASEDOffice

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.

Players

CommonWealth Partners
CommonWealth PartnersLandlord
J.P. Morgan Chase
J.P. Morgan ChaseTenant

Seattle Office Market Snapshot

Boundary boundary · Office · Lease transactions

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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

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