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SEATTLE — Skanska plans to invest $150 million in an approximately 337,000-square-foot office building in the South Lake Union area of Seattle. Skanska USA Building will develop the project, which includes a contract value of $77.5 million.
The 13-story office building will feature 17,000 square feet of ground-level retail and will target LEED Gold certification. Construction will begin later this month and is slated for completion in the fourth quarter of 2015.
Global retailer Tommy Bahama will relocate its headquarters to occupy more than 118,000 square feet at the property. The company is the first tenant Skanska has secured for the building.
New York-based Skanska USA is a development and construction company that consists of four business units — Skanska USA Building, which specializes in building construction; Skanska USA Civil, specializing in civil infrastructure; Skanska Infrastructure Development, which develops public-private partnerships; and Skanska Commercial Development, which develops commercial projects in select U.S. markets.
— Brittany Biddy