Skip to main content
Advertising

Originally published April 4, 2014 at 3:21 PM | Page modified April 4, 2014 at 5:21 PM

  • Share:
           
  • Comments (15)
  • Print

KING 5 puts building up for sale as South Lake Union booms

KING 5’s longtime headquarters building at 333 Dexter Avenue are for sale as real-estate values soar in the South Lake Union area and the TV station doesn’t need as much space as it used to.


Seattle Times business reporter

Most Popular Comments
Hide / Show comments
Great! Another 400 apartment with no parking to further obliterate the Space Needle... MORE
"The property “is very desirable for people looking to build,”... MORE
would they be able to have a heliport for SkyKing at the new location I wonder? MORE

advertising

South Lake Union’s construction boom is prompting KING 5’s owner to explore selling its Dexter Avenue headquarters and relocating the broadcast operation.

The station’s building at 333 Dexter Ave. and land nearby are for sale, Ray Heacox, the station’s general manager, said Friday.

“We have been in this building for a long time, but it’s a very large building compared to the size of our operation,” Heacox said in an interview. “As the value of the property in South Lake Union has escalated, we of course are looking at the marketplace.”

Heacox said about 300 people work in the building, down from more than 500 back when it was the corporate headquarters for King Broadcasting. The company was sold in the 1990s to Belo, and KING 5 now is owned by Gannett, a media conglomerate.

Dexter Avenue is on the western edge of the South Lake Union neighborhood, which is being transformed by Amazon.com’s growth in the area. Buildings have been razed and tenants have moved in order to make way for the Internet behemoth’s thousands of employees and for growth by other employers in the newly popular neighborhood.

Two years ago The Seattle Times Co., another media company with a lengthy presence in the area, sold and vacated a building it had occupied for decades and moved its headquarters across the street. The leased space it moved into was also formerly owned by the newspaper.

Heacox said a final decision hasn’t been made on the KING 5 move, and that the timing is unclear. There’s still not an offer on the table, he said. But if a move does occur, the station and its newsroom are likely to stay close to the center of Seattle, he added.

News of the move first surfaced on the blog run by prominent media blogger Jim Romenesko. In an email to staffers, KING 5 news director Mark Ginther wrote that he expected an “aggressive” move-out schedule.

“My guess would be a move into a different facility in early 2015,” Ginther wrote.

Ángel González: 206-464-2250 or agonzalez@seattletimes.com.

On Twitter: @gonzalezseattle



Want unlimited access to seattletimes.com? Subscribe now!

News where, when and how you want it

Email Icon

The summer is wide open.

The summer is wide open.

Follow our three-part "Washington's National Parks" series running through August 10 for an in-depth look at some of our local treasures.

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►