Who owns Safeco Plaza REIT LLC (Safeco Plaza)

Safeco Plaza REIT LLC (Safeco Plaza) - Profile

Safeco Plaza REIT LLC is the venture that owns Safeco Plaza, a 50 storey office tower at 1001 Fourth Avenue in downtown Seattle carrying about 762,000 rentable square feet. Completed in 1969 to a design by NBBJ, the 630 foot building was the tallest in the Pacific Northwest until Columbia Center opened in 1985 and was the first skyscraper to use a Vierendeel space frame, and it includes a two storey lobby, underground parking, ground floor retail and a plaza holding a Henry Moore bronze installed in 1971. The tower was bought in 2021 and its tenants include law, banking and professional services firms, but Seattle's weak office market has told on it: the building was 77.5 percent leased at the end of 2025, it carries a 250 million dollar mortgage maturing in September 2026, and the venture wrote down the property by about 319.5 million dollars during 2025.

The disclosed stakes

One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.

Where each figure comes from

A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.

• BXP, Inc. (formerly Boston Properties), as of 30 Jun 2026. 33.67% joint venture interest in Safeco Plaza, an office property in Seattle, WA. Carrying value is a DEFICIT balance, $(685) thousand at 6/30/2026 vs $(2,557) thousand at 12/31/2025, reclassified into Other Liabilities on BXP's balance sheet (see 500 North Capitol note). BXP's FY2025 10-K states the joint ventures that own Safeco Plaza and Gateway Commons recognized property-level impairments during 2025 (approximately $319.5 million at Safeco Plaza and $425.8 million at Gateway Commons, at the venture level, not BXP's share). source