Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Originally published May 18, 2007 at 12:00 AM | Page modified May 18, 2007 at 6:46 PM

E-mail E-mail article      Print Print      Share Share

Google takes space in Fremont for expansion

Google is taking on additional office space in Seattle's Fremont neighborhood. Google, based in Mountain View, Calif., plans to sublease about...

Seattle Times business reporter

Google is taking on additional office space in Seattle's Fremont neighborhood.

Google, based in Mountain View, Calif., plans to sublease about 60,000 square feet from Getty Images at the Waterside Building on North 34th Street.

That amount of space would accommodate about 240 workers, according to commercial real-estate brokers.

Google now has an engineering center in Kirkland and sales offices at another building on North 34th Street in Fremont. The new space will be used for additional R&D engineers, said Sunny Gettinger, a Google spokeswoman. She declined to say how many people Google plans to add in Fremont.

"Seattle is just very rich in engineering talent, We're running out of space in our other offices there, and we're continuing to grow," Gettinger said.

Getty said in a regulatory filing Friday that the sublease will run for six years beginning June 1. Getty said it expects annual rental payments to average $1.8 million over the six years.

The sublease agreement, reached Monday, must still be approved by Getty's landlord.

In October, Getty announced a "realignment plan" that included job cuts and the consolidation of some leased offices. As a result, Getty took a $4.9 million loss on leased offices in Seattle. Getty now expects to reduce that loss by about $900,000 in the second quarter ending June 30, thanks to its sublease with Google.

Brokers said they heard last year that Google planned to lease most of Tower 333, a 20-story office building under construction in downtown Bellevue. But brokers said those plans are no longer in the works.

"For now they seem to be growing on both sides of Lake Washington in very attractive submarkets," said Oscar Oliveira, a broker with Colliers International.

Amy Martinez: 206-464-2923 or amartinez@seattletimes.com

E-mail E-mail article      Print Print      Share Share

More Business & Technology

UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case

UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip

UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award

UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall

NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook

More Business & Technology headlines...

advertising


Get home delivery today!

Video

Advertising

AP Video

Entertainment | Top Video | World | Offbeat Video | Sci-Tech

Marketplace

Advertising