Seattle, WA (October 10, 2022) – Newmark announces that it has signed a 58,024 square foot sublease at the F5 Tower on behalf of Stackline, a Seattle-headquartered retail intelligence and software company. The company plans to occupy the space in January 2023 and will move and expand from its current 20,046 square foot space in Met Park East.
“As Stackline’s product ecosystem and customer base grows, our footprint also grows,” said Michael Lagoni, CEO of Stackline. “We are excited to expand to Seattle, a move that will allow us to further grow the business and add more members to our operations.”
Stackline will occupy floors 26, 27 and 28 of the F5 tower, located at 801 5th Avenue in downtown Seattle. The space is fully furnished and features panoramic Puget Sound views, peripheral workstations, floor-to-ceiling windows, and an interior staircase connecting all three floors.
Newmark manager Brody O’Keefe represented the sub-tenant, Stackline, in the lease negotiations.
“We are thrilled to have worked with Stackline to find a space that meets their business needs, accommodates growth, and provides their employees with unobstructed views of the Puget Sound,” O’Keefe said. “This is one of the largest lease extensions in Seattle since the pandemic began, a testament to the company’s success.”
According to Newmark Research, the Puget Sound office market remained on hold for the third quarter of 2022, amid economic hesitation and uncertainty surrounding return-to-work plans. There remain 6.1 million square feet of active tenant requirements in the area, with a focus on smaller footprints and a flight to quality to entice employees back to collaborate in the office. While the coming quarters will show how quickly the region recovers, the overall outlook for Puget Sound remains encouraging.
On a mission to power the future of commerce by bringing brands and customers closer together, Stackline is the first full-funnel connected commerce platform for the world’s most innovative brands. Business leaders, product innovators, performance marketers, and financial firms trust Stackline as the single source of business truth. Powered by proprietary neural networks and deep learning systems, Stackline’s market insights, revenue metrics, behavioral data, and autonomous features create the actions that determine success or failure. Founded in 2014 in Seattle, Stackline employs more than 250 connected commerce professionals creating value for more than 4,000 global brands. Stackline currently has offices in Seattle, New York, Salt Lake City, Minneapolis, and London.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a global leader in commercial real estate, seamlessly powering every phase of the property lifecycle. Newmark’s full range of services and products are uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue chip enterprises. Combining the platform’s global reach with market intelligence in established and emerging real estate markets, Newmark delivers superior service to clients across all industries. Newmark generated nearly $3.2 billion in revenue for the twelve months ending June 30, 2022. Newmark company-owned offices, along with its business partners, operate from approximately 170 offices with more than 6,500 professionals worldwide.