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Madrona Venture Group is one of the world’s leading venture capital firms. It currently manages a $250 million fund with a strong emphasis on investment in technology firms.
Madrona’s current lease was due to expire in less than twelve months. The company faced a significant disruption if an untimely move were to occur, especially considering the various companies that shared space with the firm. Washington Partners renewed Madrona’s lease and was able to expand their space by roughly 15% with dramatically lower rental rates. Furthermore, Washington Partners negotiated a tenant improvement allowance that accounted for upgrades to Madrona’s office space.
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