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TikTok Leases 132,000 SF Office Space In Downtown Bellevue From Kemper Freeman
LEASED
Washington
See Similar DealsOffice132,000 SF
Leased 01/15/2024
LEASED
TikTok Leases 132,000 SF Office Space In Downtown Bellevue From Kemper Freeman
700 Bellevue Way Northeast
See Similar DealsOffice132,000 SF
Leased 01/15/2024
Summary
WASHINGTON
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:132,000 SF
Transaction Type:Lease
TikTok is set to lease over 132,000 square feet of office space in Downtown Bellevue, expanding its e-commerce hub into floors previously occupied by Microsoft. The property, located at 700 Bellevue Way Northeast in Bellevue, Washington, is an office building with a total area of 132,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Square Footage: 132,000
- Address: 700 Bellevue Way Northeast
- Market: Bellevue, WA
In this lease deal, the landlord is Kemper Development, represented by Kemper Freeman. On the other side, the tenant is Shou Zi Chew, the current CEO of TikTok. The lease agreement allows TikTok to expand its e-commerce operations by occupying the floors previously used by Microsoft.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$7,566,160.35
Total Lease Value
$75,661,603.46
Net Landlord Cash Flow$7,566,160.35
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