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Federal Reserve Building 1015 2nd Ave

204,407 SF of 4-Star Office Space Available in Seattle, WA

Highlights

  • Preserving its unique historical character, seven stories of office space now sit atop this prominent edifice guarding the corner of Madison and 2nd.
  • The building boasts exterior sculptures, multiple outdoor terraces, pet-friendly offices, 1940's marble lobby, and three massive bank vault doors.
  • Centrally located in Downtown, both I-5 and SR 99 are reachable in around 10 minutes, and the University Street light rail station is 2 blocks away.
  • Work just steps from the Seattle Central Library, City Hall, Seattle Art Museum, Benaroya Hall, the Seattle Great Wheel, and numerous retail options.

all available Spaces(12)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rate
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 23,742 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
  • Office
  • Shell Space
  • Dec 2020
  • New space, never previously occupied
  • Space is in Excellent Condition
  • Fits 60 - 190 People
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space
  • 3rd Floor
  • 14,355 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
  • Office
  • Shell Space
  • Dec 2020
  • New space, never previously occupied
  • Space is in Excellent Condition
  • Fits 36 - 115 People
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space
  • 4th Floor
  • 16,843 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
  • Office
  • Shell Space
  • Dec 2020
  • New space, never previously occupied
  • Space is in Excellent Condition
  • Fits 43 - 135 People
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space
  • 5th Floor
  • 16,843 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
  • Office
  • Shell Space
  • Dec 2020
  • New space, never previously occupied
  • Space is in Excellent Condition
  • Fits 43 - 135 People
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space
  • 6th Floor
  • 17,000 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
  • Office
  • Shell Space
  • Dec 2020
  • New space, never previously occupied
  • Space is in Excellent Condition
  • Fits 43 - 135 People
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space
  • 7th Floor
  • 17,000 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
  • Office
  • Shell Space
  • Dec 2020
  • New space, never previously occupied
  • Space is in Excellent Condition
  • Fits 43 - 136 People
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space
  • 8th Floor
  • 17,458 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
  • Office
  • Shell Space
  • Dec 2020
  • New space, never previously occupied
  • Space is in Excellent Condition
  • Fits 44 - 140 People
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space
  • 9th Floor
  • 17,458 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
  • Office
  • Shell Space
  • Dec 2020
  • New space, never previously occupied
  • Space is in Excellent Condition
  • Fits 44 - 140 People
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space
  • 10th Floor
  • 17,500 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
  • Office
  • Shell Space
  • Dec 2020
  • New space, never previously occupied
  • Space is in Excellent Condition
  • Fits 44 - 140 People
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space
  • 11th Floor
  • 17,458 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
  • Office
  • Shell Space
  • Dec 2020
  • New space, never previously occupied
  • Space is in Excellent Condition
  • Fits 44 - 140 People
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space
  • 12th Floor
  • 17,458 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
  • Office
  • Shell Space
  • Dec 2020
  • New space, never previously occupied
  • Space is in Excellent Condition
  • Fits 44 - 140 People
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space
  • 13th Floor
  • 11,292 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
  • Office
  • Shell Space
  • Dec 2020
  • New space, never previously occupied
  • Fits 29 - 91 People
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space
  • Open Floor Plan Layout
  • Space is in Excellent Condition
Space Size Term Rate Space Use Condition Available
2nd Floor 23,742 SF Negotiable Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Office Shell Space Dec 2020
3rd Floor 14,355 SF Negotiable Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Office Shell Space Dec 2020
4th Floor 16,843 SF Negotiable Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Office Shell Space Dec 2020
5th Floor 16,843 SF Negotiable Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Office Shell Space Dec 2020
6th Floor 17,000 SF Negotiable Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Office Shell Space Dec 2020
7th Floor 17,000 SF Negotiable Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Office Shell Space Dec 2020
8th Floor 17,458 SF Negotiable Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Office Shell Space Dec 2020
9th Floor 17,458 SF Negotiable Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Office Shell Space Dec 2020
10th Floor 17,500 SF Negotiable Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Office Shell Space Dec 2020
11th Floor 17,458 SF Negotiable Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Office Shell Space Dec 2020
12th Floor 17,458 SF Negotiable Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Office Shell Space Dec 2020
13th Floor 11,292 SF Negotiable Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Office Shell Space Dec 2020

2nd Floor

Size
23,742 SF
Term
Negotiable
Rate
Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Shell Space
Available
Dec 2020

3rd Floor

Size
14,355 SF
Term
Negotiable
Rate
Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Shell Space
Available
Dec 2020

4th Floor

Size
16,843 SF
Term
Negotiable
Rate
Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Shell Space
Available
Dec 2020

5th Floor

Size
16,843 SF
Term
Negotiable
Rate
Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Shell Space
Available
Dec 2020

6th Floor

Size
17,000 SF
Term
Negotiable
Rate
Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Shell Space
Available
Dec 2020

7th Floor

Size
17,000 SF
Term
Negotiable
Rate
Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Shell Space
Available
Dec 2020

8th Floor

Size
17,458 SF
Term
Negotiable
Rate
Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Shell Space
Available
Dec 2020

9th Floor

Size
17,458 SF
Term
Negotiable
Rate
Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Shell Space
Available
Dec 2020

10th Floor

Size
17,500 SF
Term
Negotiable
Rate
Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Shell Space
Available
Dec 2020

11th Floor

Size
17,458 SF
Term
Negotiable
Rate
Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Shell Space
Available
Dec 2020

12th Floor

Size
17,458 SF
Term
Negotiable
Rate
Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Shell Space
Available
Dec 2020

13th Floor

Size
11,292 SF
Term
Negotiable
Rate
Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Shell Space
Available
Dec 2020

2nd Floor

Size 23,742 SF
Term Negotiable
Rate Upon Request
Space Use Office
Condition Shell Space
Available Dec 2020

  • New space, never previously occupied
  • Fits 60 - 190 People
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space

3rd Floor

Size 14,355 SF
Term Negotiable
Rate Upon Request
Space Use Office
Condition Shell Space
Available Dec 2020

  • New space, never previously occupied
  • Fits 36 - 115 People
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space

4th Floor

Size 16,843 SF
Term Negotiable
Rate Upon Request
Space Use Office
Condition Shell Space
Available Dec 2020

  • New space, never previously occupied
  • Fits 43 - 135 People
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space

5th Floor

Size 16,843 SF
Term Negotiable
Rate Upon Request
Space Use Office
Condition Shell Space
Available Dec 2020

  • New space, never previously occupied
  • Fits 43 - 135 People
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space

6th Floor

Size 17,000 SF
Term Negotiable
Rate Upon Request
Space Use Office
Condition Shell Space
Available Dec 2020

  • New space, never previously occupied
  • Fits 43 - 135 People
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space

7th Floor

Size 17,000 SF
Term Negotiable
Rate Upon Request
Space Use Office
Condition Shell Space
Available Dec 2020

  • New space, never previously occupied
  • Fits 43 - 136 People
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space

8th Floor

Size 17,458 SF
Term Negotiable
Rate Upon Request
Space Use Office
Condition Shell Space
Available Dec 2020

  • New space, never previously occupied
  • Fits 44 - 140 People
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space

9th Floor

Size 17,458 SF
Term Negotiable
Rate Upon Request
Space Use Office
Condition Shell Space
Available Dec 2020

  • New space, never previously occupied
  • Fits 44 - 140 People
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space

10th Floor

Size 17,500 SF
Term Negotiable
Rate Upon Request
Space Use Office
Condition Shell Space
Available Dec 2020

  • New space, never previously occupied
  • Fits 44 - 140 People
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space

11th Floor

Size 17,458 SF
Term Negotiable
Rate Upon Request
Space Use Office
Condition Shell Space
Available Dec 2020

  • New space, never previously occupied
  • Fits 44 - 140 People
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space

12th Floor

Size 17,458 SF
Term Negotiable
Rate Upon Request
Space Use Office
Condition Shell Space
Available Dec 2020

  • New space, never previously occupied
  • Fits 44 - 140 People
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space

13th Floor

Size 11,292 SF
Term Negotiable
Rate Upon Request
Space Use Office
Condition Shell Space
Available Dec 2020

  • New space, never previously occupied
  • Open Floor Plan Layout
  • Fits 29 - 91 People
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 204,407 SF of adjacent space

Property Overview

Located at the epicenter of Downtown Seattle, this Art Deco building was custom-built in 1950 as the Federal Reserve Bank. Since the Federal Reserve relocated in 2012, the building has transformed into top-of-its-class office space. The transformation incorporates the historical character of the original structure, which is a member of the National Register of Historic Places. Eleven stories tall, seven stories now sit atop the original four, plus two floors under the main lobby level. Additionally, the offices are pet-friendly, there is a rooftop deck, a terrace on the fourth floor, and street-level skylights providing natural light to the below-grade levels. Art installations, including the Adam sculpture by Fernando Botero, adorn the plaza outside the main entrance. The massive vault doors formerly used by the Federal Reserve Bank will be preserved on-site, further contributing to the historical aesthetic. Guarding the corner of Madison and 2nd in the heart of Downtown Seattle, the Federal Reserve Building is only steps away from Seattle landmarks like the Seattle Central Library, City Hall, the Justice Center, Seattle Art Museum, Benaroya Hall, and the Seattle Great Wheel. Commuting is easy in the area with excellent access to both I-5 and SR 99 in around 10-minute drives. Public transit is easily accessible as well, with the University Street Station on the Downtown Transit Tunnel located two blocks away. This station services the Link light rail and connects with the Seattle Monorail in minutes or can have riders to Seattle-Tacoma International Airport in under an hour. The Seattle Ferry Terminal is three blocks away, providing access to multiple destinations across Elliott Bay. Bus stops are easily accessible on 2nd Avenue and Madison Street, and Downtown is very bikable with a painted bike lane running directly in front of the Federal Reserve Building. Within walking distance are several great retail, restaurant, and entertainment options, including the new park promenade and bike path, a linear park stretching from Pioneer Square to the Seattle Aquarium along the city's revitalized waterfront. The repurposed Federal Reserve Building presents a unique opportunity to occupy a prestigious building in the urban fabric of Seattle.

PROPERTY FACTS

Building Type
Year Built/Renovated
LoopNet Rating
Building Type
Year Built/Renovated
LoopNet Rating
Building Height
Building Type
Year Built/Renovated
LoopNet Rating
Building Height
Building Size
Building Class
Typical Floor Size
Office
1950/2020
4 Star
Office
1950/2020
4 Star
13 Stories
Office
1950/2020
4 Star
13 Stories
233,034 SF
A
16,500 SF
Building Height
Building Size
Building Size
Building Class
Typical Floor Size
13 Stories
233,034 SF
233,034 SF
A
16,500 SF
Building Class
Typical Floor Size
A
16,500 SF
Parking
23 Covered Parking Spaces
  • Listing ID: 12527427
  • Date Created: 12/26/2018
  • Last Updated:

Marketing Brochure

Links

Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Transportation

Transit/Subway

University St Sta AcRd & Tunnel Sta.-BAY C Transit Stop
Central Puget Sound Regional Transit Authority Rail
(LINK to Sea-Tac)
4 min walk 0.2 mi
University Street Transit Stop
Central Puget Sound Regional Transit Authority Rail
(Central Link)
5 min walk 0.2 mi
University St Sta AcRd & Tunnel Sta.-BAY A Transit Stop
Central Puget Sound Regional Transit Authority Rail
(LINK to Sea-Tac)
5 min walk 0.2 mi
Pioneer Sq Sta AcRd & Tunnel Sta.-BAY A Transit Stop
Central Puget Sound Regional Transit Authority Rail
(LINK to Sea-Tac)
8 min walk 0.3 mi
Pioneer Square Transit Stop
Central Puget Sound Regional Transit Authority Rail
(Central Link)
7 min walk 0.3 mi

Commuter Rail

King Street (Seattle) Station Commuter Rail (Sounder South Line)
Central Puget Sound Regional Transit Authority Rail
14 min walk 0.6 mi

airplane iconAirport

Seattle-Tacoma International Airport
24 min drive 12.8 mi
Kenmore Air Harbor Inc Airport
26 min drive 14.3 mi

Restaurants

Poke Alice Hawaiian $$ 2 min walk
Taylor Shellfish Oyster Bar Seafood $$$ 2 min walk
Blue Water Taco Grill Grill $ 2 min walk
Kigo Kitchen Asian $ 3 min walk
Bookstore Bar & Cafe Cafe $$ 3 min walk
Homegrown Substainable Sandwich Shop Sandwiches $ 3 min walk
Pita Express Greek $$ 3 min walk
Cafe Pho Cafe $ 3 min walk
Cafe Zum Zum Cafe $ 3 min walk
The Brooklyn Seafood, Steak & Oyster House Seafood $$$ 4 min walk

Retail

Wells Fargo Bank Bank 3 min walk
Bank of America Bank 4 min walk
Staples Office Supply 4 min walk
Nordstrom, Inc. Dept Store 4 min walk
Amazon Go Supermarket 5 min walk
Target Dept Store 6 min walk
Coach Leather/Lugg/Purses 6 min walk
Brooks Brothers Unisex Apparel 8 min walk
Anthropologie Unisex Apparel 10 min walk

Hotels

Hotel 1000 4 Star 120 rooms 2 min walk
Heart of Seattle Hotel 2 Star 78 rooms 4 min walk
Executive Pacific Plaza Hotel 3 Star 153 rooms 4 min walk
Courtyard 3 Star 236 rooms 5 min walk
Four Seasons 5 Star 147 rooms 6 min walk
Renaissance 4 Star 557 rooms 6 min walk
Crowne Plaza 3 Star 435 rooms 7 min walk
Fairmont Olympic Hotel 5 Star 50 rooms 6 min walk
Motif Seattle 4 Star 319 rooms 9 min walk
Hilton 3 Star 239 rooms 8 min walk

About Downtown Seattle

Downtown Seattle is ground zero for the area’s vibrant economy, and it has seen some of the strongest population and employment growth in Seattle in recent years. The downtown core is now home to more than 300,000 employees, and roughly 90% of them work in tech-related jobs. Major employers expanding in downtown in recent years include Indeed, Hulu, SAP Qualtrics, and F5 Networks.

The local economy has benefited from big tech’s growth, and office expansions have contributed to the area’s live/work/play environment. As a result, many highly paid employees at these companies have moved to the area so they can avoid Seattle’s heavily congested freeways and surface streets. Nearly 40% of employees in downtown Seattle walk to work, and those who drive from outside areas will have the opportunity to take light rail when its current expansion is completed in 2024.

Continuous development activity has resulted in an onslaught of high-end office space in downtown Seattle, and most of it is in high-rises. Due to high demand from tech players, large blocks of space are hard to come by in existing properties. Stiff competition for space has led to elevated rent levels, and office rents are among the highest in the Seattle area.

Leasing Team

206-467-7600 Contact
Ilich Vahimi , Principal
206-467-7600 Contact
Since he joined Martin Selig Real Estate in 2010, Ilich Vahimi has brought his knowledge of architecture, construction project management, and a dedicated approach to tenants to the team. Ilich takes a holistic approach as a leasing agent. His ability to discuss unique spaces and noteworthy building design paired with his commitment to building relationships with his tenants and dedication to finding the best solution sets him apart. He spent years learning the ins and outs of the business directly from Martin Selig. That means when you work with Ilich, you’re getting Martin’s years of knowledge, the point of view of a trained architect, and a leasing agent who makes your needs his first priority. Ilich spent most of his life in Canada, but he says these days crossing the border into Washington feels more like coming home. When he’s not working, he’s a huge sports fan and enjoys playing hockey. He’s also been a serial entrepreneur for most of his life, ranging from starting a construction company in high school, to his most recent endeavour of creating the acQuaMD, a device to remove water stuck in your ears to help prevent swimmer’s ear, ear infections, and aural disease. He’s also an avid traveler, and Bora Bora, Tahiti is the next destination on his list.
206-386-5202 Contact
Michael Brixner , Commercial Real Estate Broker
206-386-5202 Contact
For Michael Brixner, customer service is the top priority. He strives to bring the highest value and best experience to all of his his tenants. Because Martin Selig directly employs all building operations personnel, Michael says, they are able to respond quickly to tenants’ needs and requests. This structure makes operations more efficient and enables him to build long term relationships with tenants. Michael loves working at Martin Selig Real Estate because though it’s a hugely successful commercial real estate operation, it still feels like a mom and pop shop. He joined the company in 2015 and being the newest guy on the team, he says he benefits from mentorship from his team members who have been in the industry for decades. Michael’s goals for the company moving forward are to continue to deliver the best service to his tenants and to continue Martin’s vision of the Seattle skyline. When he’s not working, the lifelong Seattleite is known to make the most of the summer months by hiking, golfing and playing softball, hit the slopes in the winter and loves to travel when he can.
206-467-7600 Contact
Jordan Selig , Managing Director
206-467-7600 Contact
Jordan Selig has been interested in commercial real estate for as long as she can remember. As Martin Selig’s youngest daughter, Jordan grew up in the office. After graduating from Columbia University, where she studied environmental policy, Selig started to see how her passion for sustainability could play an important role in the future of commercial real estate. Selig started her career in Berlin, Germany, where she put her studies into action by ecologically renovating pre-war buildings across the city. In 2013, she returned to Seattle as MSRE’s Executive Vice President. She has since been a key player in shaping the future of the company her father built from the ground up. Jordan’s goals for MSRE moving forward include bringing all of the projects they have in the pipeline now into reality. She is also a Board Member of the Seattle 2030 District, an organization that aims to dramatically reduce environmental impacts of building construction and operations through education and collaboration across every sector of the built environment. In the future, Jordan plans to uphold the values upon which MSRE was built, by providing their clients with top notch customer service and cultivating strong relationships with tenants. What she’s learned about commercial real estate from her father, she says, could fill a thousand-page novel. “Do not miss the forest for the trees,” she said, on lessons her father has taught her. “Never burn bridges. View the glass as being half full. Listen more than you speak. Think outside the box. Never sell, and above all, follow your passion.”

About the Owner

Read More

About the Architect

Read More

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