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TALUS CORPORATE CENTER Parcel 17B, Issaquah, WA

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TALUS CORPORATE CENTER Parcel 17B, Issaquah, WA MASTER-PLANNED OFFICE PRE-LEASE OPPORTUNITY TALUS CORPORATE CENTER Parcel 17B, Issaquah, WA FOR MORE INFORMATION, PLEASE CONTACT: CRAIG WILSON JEFF SCANLAN Senior Vice President First Vice President +1 425.462.6922 +1 425.462.6923 [email protected] [email protected] Microsoft Lake Sammamish Lake Sammamish Sammamish Park Place State Park E Lake Sammamish Parkway Costco Sammamish Road World Headquarters Retail Retail Hilton Garden Inn Retail Park and Ride Executive Housing Downtown Issaquah Gilman Village Existing Housing TALUS Tibbets Valley Park CORPORATE CENTER Timber Ridge Assisted Living Facility Multi-Family Housing DRIVE TIMES TO TALUS: Gilman Village 3 minutes Downtown Issaquah 5 minutes Issaquah Highlands 12 minutes Bellevue 18 minutes Seattle 24 minutes TALUS MASTER PLANNED COMMUNITY OVERVIEW EXECUTIVE SUMMARY Talus is a 627 acre mixed use master planned community located on the I-90 Corridor in Issaquah, Washington. By concentrating development on the northern portion of the property, the master plan leaves approximately 70% of the Talus community as open space which is adjacent to the Cougar Mountain Regional Wildland Park. The overall plan is that of an integrated community of up to 612,568 square feet of office space, 50,000 square feet of commercial space and 1,735 residential units. The project site plan is designed to be “phase friendly” allowing for each building and its associated parking (under-building and in structures at an overall ratio of 4 spaces per 1,000 square feet) to be constructed independently. The office development within Talus is located on 8.96 acres fronting SR-900 at the entrance to the community. It will incorporate the community’s park-like setting and trail system with the office campus gathering places and defined plazas for employee use creating an environment that uniquely reflects the Pacific Northwest. The rapidly growing, highly desirable Seattle submarket of Issaquah/I-90 Corridor is home to Costco World Headquarters, Boeing, Microsoft, T-Mobile and Verizon along with many other dynamic companies. Occupants at Talus Corporate Center will enjoy convenient I-90 access with spectacular territorial views of the forested foothills of the Cascade Mountains. The City of Issaquah does not currently have a B&O tax or a Head tax. LOCATION The City of Issaquah has experienced significant growth in recent years as one of the most picturesque, yet accessible communities in King County. Substantial retail development totaling well over one million square feet has established itself both north and south of I-90 to serve the growing residential population base. With the build out of available office space along the I-90 Corridor, Issaquah has proven to be a desirable choice for office tenants as well, led by Microsoft’s lengthy commitment at Sammamish Park Place and Costco’s World Headquarters. ACCESS The site is adjacent to two I-90 interchanges to the north with SR 900 bordering to the east. It enjoys easy access to Seattle, Bellevue, Redmond and Renton, and is just minutes away from two major Park-and-Ride facilities. The State Department of Transportation completed construction of the $33.8 million SR 900 improvement project in 2009. This project widened SR 900 to five lanes plus a bike lane and sidewalk between Newport Way to the north, past Talus Drive to SE 82nd Street to the south. ZONING The property is zoned Office Campus under the Urban Village zoning. 612,568 SF is planned for Talus Corporate Center. Allowable uses include office and office support. POTENTIAL AMENITIES NEARBY AMENITIES SHUTTLE LAUNDRY BUS TO COFFEE SHOP HOTELS DOWNTOWN SERVICES ISSAQUAH GREEN BUILDING RENOWNED CONCIERGE FITNESS CLUB TARGETING LEED ISSAQUAH CERTIFICATION SCHOOLS RESTAURANT LANDSCAPED WITH OUTDOOR BIKE STORAGE ROOFTOP 50 MILES OF SEATING TERRACE TRAILS CONFERENCE LAKE SAMMAMISH GAME ROOM WIFI IN LOBBY & STATE PARK CENTER THE COMMONS THE DESIGN CONCEPT The conceptual design of Talus Corporate Center seeks to capitalize on the unique opportunities of the site and the urban village environment while at the same time delivering state of the art buildings that allow independent phasing in response to market requirements. With 612,568 SF of space the Property is intended to attract professional office and/or high-tech tenants. The character of the office campus strives to embody both the urban quality of downtown and green framework of a 21st century professional campus. Key design characteristics can be summarized as follows: • A system of well-designed pedestrian pathways will link building to building and connect to a system of trails, outlooks, exercise courses and outdoor amenities that tie the entire Talus community together. • Commons: Plaza with planted and paved landscape areas is located in the center of the office campus and serves as a tenant gathering place. • Retail and café spaces will be located facing main streets and the plaza areas to provide support services for tenants. • The design provides view amenities from every floor of every building with usable outdoor space between them. • The site is designed to be ‘phase friendly’. Each building and its Associated parking may be constructed independently. AVAILABLE FOR PRE-LEASE Planning ahead is good advice, particularly for large users of office space. Talus Corporate Center is fully entitled and “permit ready.” Its first building could be delivered for occupancy within 15 months of lease execution. Alternative sites likely require an additional 12 to 24 months of lead time for entitlements, site plan approvals and building design review — an uncomfortable, and probably unacceptable, scenario for companies with definite space needs. Acting sooner will lower the cost of occupancy, as we expect construction costs to continue to increase. All inquiries, correspondence and offers should be submitted to: Craig Wilson or Jeff Scanlan. BUILDING STORIES ±SF A1 2 8,562 A2 1 3,161 BLDG D B 6 182,945 C 6 141,613 D 9 276,287 BLDG B BLDG C BLDG A2 STRUCTURED BLDG COMMONS PARKING A1 SITE PLAN PARCEL MAP SR-900 ENTRANCE FIRST FLOOR PLAN – MULTI-TENANT OPTION FIRST FLOOR PLAN - SINGLE TENANT OPTIONS OPTION 1 OPTION 2 AFFILIATED BUSINESS DISCLOSURE DISCLAIMER CBRE, Inc. operates within a global family of companies with This Memorandum contains select information pertaining to the © 2018 CBRE, Inc. All rights reserved. This information has many subsidiaries and related entities (each an “Affiliate”) Property and the Owner, and does not purport to be all-inclusive been obtained from sources believed reliable, but has not been engaging in a broad range of commercial real estate businesses or contain all or part of the information which prospective verified for accuracy or completeness. Any projections, opinions, including, but not limited to, brokerage services, property and investors may require to evaluate a purchase of the Property. The or estimates are subject to uncertainty. The information may not facilities management, valuation, investment fund management information contained in this Memorandum has been obtained represent the current or future performance of the property. and development. At times different Affiliates, including CBRE from sources believed to be reliable, but has not been verified for You and your advisors should conduct a careful, independent Global Investors, Inc. or Trammell Crow Company, may have accuracy, completeness, or fitness for any particular purpose. investigation of the property and verify all information. Any or represent clients who have competing interests in the All information is presented “as is” without representation or reliance on this information is solely at your own risk. CBRE same transaction. For example, Affiliates or their clients may warranty of any kind. Such information includes estimates and the CBRE logo are service marks of CBRE, Inc. and/or its have or express an interest in the property described in this based on forward-looking assumptions relating to the general affiliated or related companies in the United States and other Memorandum (the “Property”), and may be the successful economy, market conditions, competition and other factors countries. All other marks displayed on this document are the bidder for the Property. Your receipt of this Memorandum which are subject to uncertainty and may not represent the property of their respective owners. Photos herein are the constitutes your acknowledgement of that possibility and current or future performance of the Property. All references property of their respective owners and use of these images your agreement that neither CBRE, Inc. nor any Affiliate has to acreages, square footages, and other measurements without the express written consent of the owner is prohibited. an obligation to disclose to you such Affiliates’ interest or are approximations. This Memorandum describes certain PMStudio_May 2018 involvement in the sale or purchase of the Property. In all documents, including leases and other materials, in summary instances, however, CBRE, Inc. and its Affiliates will act in the form. These summaries may not be complete nor accurate best interest of their respective client(s), at arms’ length, not descriptions of the full agreements referenced. Additional in concert, or in a manner detrimental to any third party. CBRE, information and an opportunity to inspect the Property may Inc. and its Affiliates will conduct their respective businesses in be made available to qualified prospective purchasers. You are a manner consistent with
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