Categories
GeekWire

Memo points to Blue Origin expansion around its HQ

The workforce at Blue Origin, Amazon founder Jeff Bezos’ space venture, has been growing by leaps and bounds — and so has the need for office and lab space.

A memo laying out a real-estate sales offering suggests that Renton, Wash., the Seattle suburb right next door to Blue Origin’s headquarters in Kent, is a prime destination for many of the company’s 3,000-plus employees in the area. The memo was issued last month by Jones Lang LaSalle, the sales adviser for the sellers, and was brought to light this week by the Puget Sound Business Journal.

The focus of the offering is The Landmark, a Renton office complex that’s up for sale at a price that hasn’t been publicly disclosed. The property, with 274,931 square feet of rentable space, had been purchased by California-based Redwood-Kairos Real Estate Partners in 2015 for $45 million.

Blue Origin’s stable presence at The Landmark is one of the big selling points. “The Landmark is strategically located just 10 minutes from Blue Origin’s headquarters,” JLL’s memo says.

According to the memo, Blue Origin occupies 83% of the space in two Landmark buildings, at 1600 Lind Ave. SW and 1600 E. Valley Road. Tyler Technologies, a Texas-based company specializing in public-sector software, takes up another 13%. “Since Blue Origin signed their initial lease in July 2021 for 92,834 square feet, they have taken every available space and negotiated tenant relocations (Wizards of the Coast) to allow for a 227,033 square-foot footprint today (more than doubling in size in less than a year),” JLL said.

By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

Leave a Reply

%d bloggers like this: