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JPMorgan dumping WaMu's leased space in Seattle

Melissa Allison and Eric Pryne The Seattle Times
JPMorgan dumping WaMu's leased space in Seattle - Rochester - Constitutional Court - Scotland - AIG


JPMorgan Chase is notifying landlords it will pull out of all the downtown Seattle office space rented by Washington Mutual by the end of March.



The New York bank is laying off 80 percent of WaMu's Seattle work force and consolidating the 800 remaining office workers into the WaMu Center headquarters building it owns downtown.

It also decided WaMu's Cedarbrook corporate-training center in SeaTac is "not a core asset for us, and we are looking at options for it," said JPMorgan spokesman Thomas Kelly.

WaMu leased about 700,000 square feet in Seattle, according to brokers and building owners.

JPMorgan is not publicly releasing a list of the properties.

Kelly would not disclose what the bank plans to do with about 240,000 square feet of space WaMu leases from the Seattle Art Museum.


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