Seattle-based Safeco plans to move its corporate headquarters to 1001 Fourth Avenue Plaza and its Northwest region office to the Second and Seneca building, both in downtown Seattle.
Safeco entered a lease for approximately 284,000 square feet at 1001 Fourth Avenue. The building is formerly known as the Seafirst building and is managed by Texas-based real estate developer, Hines. The lease gives Safeco full naming and signage rights for both the interior and exterior of the building. Once occupied, the new headquarters building will be renamed Safeco Plaza and will be home to as many as 1,100 Safeco employees.
The company also will move its Northwest region office from its current Redmond campus location to downtown Seattle. Safeco will lease approximately 140,000 square feet of office space for an estimated 800 employees at Second & Seneca, where it also will receive naming and signage rights. The building is owned and managed by Equity Office.
Safeco intends to place its University District building complex on the market in early June.
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