Southport, the big new mixed-use project on Lake Washington in Renton, has leased 110,000 square feet to game publisher Wizards of the Coast.
A market report by Newmark listed the deal, and Southport developer Michael Christ of Seco Development confirmed it on Tuesday. Wizards of the Coast officials were not immediately available.
It’s the largest lease so far for Southport, which has 710,000 square feet of office space spread among three buildings. The space sat vacant for over two years until insurance, wealth management and employee benefits company The Partners Group inked an approximately 20,000-square-foot deal earlier this year.
Blockchain and social media startup Peer is moving to Southport, company CEO Tony Tran told the Business Journal this summer. It was unclear how much space Peer leased.
Peer and Wizards of the Coast, the Hasbro (Nasdaq: HAS) subsidiary and makers of the popular Magic: The Gathering and Dungeons & Dragons games, are both Renton companies. Seven years ago, when the Landmark office complex sold, Wizards of the Coast had around 119,000 square feet in the property.
Seco is planning a major expansion of Southport called Southport West, which will have over 1.1 million square feet of commercial office space with a life science bent.
The Renton office market is in flux with Providence, one of the largest health systems in the country, selling two of its three headquarters office buildings on Lind Avenue Southwest in a cost-cutting move that leverages more efficient use of space.
Prior to the Covid-19 pandemic, the three buildings housed Providence’s 1,700 administrative employees. A health system spokesperson this summer said the headcount was about the same after the remaining building was redesigned to accommodate remote work and flexible schedules.