Nordstrom to rent space from Seattle Art Museum
SEATTLE (AP) - The Seattle Art Museum has found a new tenant to fill the office building vacated by Washington Mutual.
Nordstrom has signed a letter of intent to lease about 265,000 square feet of space in the Second Avenue building.
The Nordstrom lease will make up about 75 percent of the money the museum lost when Washington Mutual moved out after the bank collapsed. WaMu had been paying the museum $5.8 million a year.
A museum spokeswoman says the budget has been challenging since Washington Mutual left and museum officials were thrilled to have a letter of intent from Nordstrom.
The retailer expects to sign a lease early next year and move in later in the year.
Nordstrom has signed a letter of intent to lease about 265,000 square feet of space in the Second Avenue building.
The Nordstrom lease will make up about 75 percent of the money the museum lost when Washington Mutual moved out after the bank collapsed. WaMu had been paying the museum $5.8 million a year.
A museum spokeswoman says the budget has been challenging since Washington Mutual left and museum officials were thrilled to have a letter of intent from Nordstrom.
The retailer expects to sign a lease early next year and move in later in the year.
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