The Global Innovation Exchange (GIX) building in the Spring District, which is currently leased by Microsoft, is on the market for sublease. Commercial Real Estate company, CBRE, is marketing the property on their website. The address is 12280 NE District Way.
According to the listing, the space is 96,231 square feet, with the first, second, and third floor available for sublease. The first floor is 30,232 square feet, the second floor is 33,340 square feet, and the third floor is 32,659 square feet. Pricing is available upon request.
The GIX building will be available on December 1, 2024. The sublease goes through September 30, 2027.
In total, the building is 9-stories, with a rating of 4 stars. It was build in 2017 and has a LEED certification for its globally recognized sustainability achievement.
GIX was created by the University of Washington and China’s Tsinghua University, to solve key technology and design challenges by top students, faculty, professionals, and entrepreneurs from around the world. It was one of the first buildings to open in the Spring District, which is 36-acres and inclusive of retail, office and residential space.
When the building first opened, CEO Satya Nadella said that Microsoft would provide $40 million in “foundational funding” for the project and told the gathering at the project’s unveiling that the company was “deeply committed” to GIX.
Microsoft recently confirmed that they will not be renewing their lease at City Center Plaza, where they occupy 26-stories, made up of over 561,000 square feet of space. Their lease is up in June 2024. They will also not be renewing their Advanta lease, which is up in September 2023. Likewise, the tech company will not be renewing office space in Lincoln Square North.