Microsoft forgoes South Lake Union lease
Seattle PI | at | by Mike
Microsoft has put on hold any interest in further expanding its operations in Seattle because of the deteriorating economy, a spokesman said Tuesday.
For months, the company had been considered to be in the market for additional real estate in the city, and Microsoft had been in negotiations to lease all 300,000 square feet of office space at 2201 Westlake, a mixed-use development under construction at the southwest corner of Westlake Avenue North and Denny Way.
But spokesman Lou Gellos said in a statement that the company "decided not to continue negotiations because of the economic situation and the changing market conditions."