Offering materials released upon execution of the CA

FAARegional Headquarters

GSA-leased federal headquarters

FAA Regional Headquarters

U.S. Government Credit in a Purpose-Built Regional Headquarters with 11.1 Years of Firm Term

2200 South 216th Street
Des Moines, Washington

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281,805 SF100% leased to the U.S. GovernmentDelivered 2018Leasehold interest

Overview

The Opportunity

CBRE, as exclusive advisor, is pleased to present the FAA Regional Headquarters, a 281,805 SF federal facility 100% leased to the United States of America through the General Services Administration and occupied by the Federal Aviation Administration. One of only nine FAA regional headquarters nationally, the Property represents a rare opportunity to acquire a first-generation federal headquarters of this scale.

Delivered in 2018 as a purpose-built headquarters under a 20-year firm-term GSA lease, the campus houses two distinct federal missions: the FAA’s Northwest Mountain Regional Headquarters and the Air Traffic Organization’s Western Service Center, one of only three nationwide.

The FAA designed and built the headquarters for a generational occupancy horizon, with full backup power, layered perimeter and entry security and mission-specific infrastructure integrated into the facility, and has since funded approximately $7.8 million of its own improvements. Recreating these capabilities elsewhere would require a replacement facility to be identified, built out, secured and accredited.

The offering is a leasehold interest under a Port of Seattle ground lease with approximately 44 years of remaining base term plus two 10-year extension options.

“Long-duration federal credit in a purpose-built headquarters that would be difficult, time-consuming and costly to replicate.”

The FAA Regional Headquarters seen from the campus entry — Delivered in 2018 as a first-generation build-to-suit.

Property highlights

281,805 SF

Rentable area

Five-story headquarters building on a 16.6-acre campus.

11.1 Years

Firm term remaining

Balance of a 20-year firm term; no termination rights or appropriations clauses.

1 of 3

ATO Service Centers nationwide

Supports air-traffic operations across the Western Service Area.

2018

First-generation build-to-suit

The newest facility in either FAA network.

44 Years

Remaining base ground-lease term

Plus two 10-year extension options.

Investment highlights

Investment Highlights

Federal credit, firm duration, mission-specific infrastructure and a strategic aviation location.

Curved curtain-wall detail at the building entry

U.S. Government credit

100% occupied by the Federal Aviation Administration through the U.S. General Services Administration, providing direct exposure to U.S. Government credit for more than a decade of firm term. Balance of a 20-year firm term through January 2038, with no termination rights.

One facility, two federal missions

The campus houses one of nine FAA regional headquarters and one of only three ATO Service Centers nationwide.

Purpose-built for continuity

Security screening, redundant power, specialized mechanical systems and a 24/7 Remote Operations Center are integrated into the facility.

First-generation 2018 asset

The newest facility in either FAA network, delivered for the agency’s current occupancy.

Strategic Sea-Tac location

Inside the Port of Seattle’s Des Moines Creek Business Park, with direct access to Sea-Tac, regional transit and the South King County aviation workforce.

Long-dated leasehold

Port of Seattle ground lease with approximately 44 years of remaining base term plus two 10-year extension options.

Purpose-built campus

Purpose-Built Campus

Security, redundancy and mission-specific infrastructure materially increase the complexity of recreating the FAA’s existing operating environment elsewhere.

Aerial view of the FAA Regional Headquarters campus

1 2 3 4 5 6 7

Built around the mission.

Federal build-to-suit headquarters are planned around a multi-decade occupancy horizon. A replacement of comparable scale would need to reproduce the property’s secure access, redundancy, specialized operations infrastructure and federal accreditation requirements, and no available block of comparable scale exists within the Sea-Tac district. Agency-funded security buildout and approximately $7.8 million of FAA-paid improvements are embedded in the existing occupancy, making relocation cost-prohibitive and impractical to execute.

124/7 Remote Operations Center in a secured environment

2Two backup generators supporting 100% of the facility

3State-of-the-art mechanical rooms with dedicated cooling and power

4Secured lobby with TSA-style screening and X-ray

5Gated entrances with armed security officers

6Mail screening with X-ray and a dedicated HVAC unit

7Freight-capable loading dock with 21' x 14' roll-up doors

Employee amenities include full-service dining, fitness facilities and EV charging infrastructure.

Delivered 201816.64 acres100% leased

Location

Between the Runway and the Region

The campus fronts South 216th Street inside the Port of Seattle’s Des Moines Creek Business Park, with SR-99 frontage connecting to I-5, I-405 and SR-509. Seattle and Tacoma are each roughly 30 minutes away, placing both labor pools within reach, so the access serves the FAA’s workforce and any future federal or corporate user.

2 minRapidRide bus access

5 minAngle Lake Link light-rail station

7 minSea-Tac International Airport terminal

±30 minSeattle and Tacoma labor pools

Workforce affordability

Des Moines average rents of $1,786 run 20% below Seattle and 36% below Bellevue, and the Southend’s cost of living indexes roughly 18% below Seattle, supporting workforce access and retention for the FAA and regional employers.

Sources: RentCafe, August 2026; C2ER Cost of Living Index, Q2 2026 (Kent vs. Seattle). Labels approximate.

Aerial looking north over Des Moines Creek Business Park toward Sea-Tac and downtown Seattle

Downtown SeattleLink light rail to the CBD

Angle Lake StationLink light rail · 5-minute drive

Sea-Tac International±53M annual passengers · 7-minute drive

Des Moines Creek Business ParkPort of Seattle master-planned development

FAA Regional Headquarters2200 South 216th Street · 16.6-acre campus

Aviation ecosystem

Southend Aviation & Aerospace Ecosystem

Sea-Tac, Boeing, Alaska and a deep aerospace employment base reinforce the region’s long-term aviation identity.

$71B

aerospace industry revenue generated for Washington businesses (2023)

194K

direct and indirect aerospace jobs in Washington (2023)

1,500+

aerospace-related suppliers across Washington State

The corporate anchors

Boeing

The Renton 737 manufacturing complex anchors one of the largest aerospace employment concentrations in the country.

Alaska Air Group

Headquarters and flight-training operations sit immediately adjacent to Sea-Tac.

Blue Origin

Headquartered in Kent with major engineering and manufacturing operations.

Stoke Space

Kent-based launch-vehicle company adding to South King County’s growing commercial-space cluster.

Sources: Seattle Metropolitan Chamber of Commerce / Community Attributes Inc., 2024 aerospace impact report (2023 data). Map labels approximate.

On the map

Map of South End corporate aviation anchors from Renton through the Kent Valley

Boeing 737 Plant Alaska Air Training Center Alaska Air Group HQ Sea-Tac International Stoke Space Blue Origin ★FAA Regional Headquarters

Southend office fundamentals

A shallow, supply-constrained submarket. 12.4M SF of office, roughly 10% of the region, with no new supply under construction. Headline vacancy of 20.3% is skewed by three legacy campuses in Renton and Federal Way that hold more than half of the submarket’s empty space. Only three blocks above 200,000 SF are available, none of them secure, purpose-built or airport-adjacent.

3.5%

Sea-Tac district vacancy

±11%

Southend vacancy excluding three legacy campuses

0 SF

Office under construction

Source: CBRE Research, Q2 2026.

FAA mission

FAA Mission & Network Role

One facility supports two federal mandates and is the newest facility in either network. The Air Traffic Organization’s Western Service Center is one of only three nationwide, supporting operations across the Western Service Area, which spans Alaska, Hawaii and the Pacific through the Rocky Mountain states. The Northwest Mountain Regional Headquarters is one of nine FAA regional headquarters, overseeing aviation safety and certification across a seven-state region. Both functions operate from a first-generation facility delivered in 2018.

Remote Operations Center

The 24/7 Remote Operations Center supports continuity for tower-controlled airport operations across the region and requires enhanced security, systems redundancy and dedicated building infrastructure.

ATO service areas

The Western Service Area, run from this facility, spans Alaska, Hawaii and the Pacific through the Rocky Mountain states. Central and Eastern Service Areas cover the balance of the country.

Northwest Mountain region · FAA regional HQ Western service area · ATO Service Center Central service area Eastern service area

1 of 3

ATO Service Centers nationwide

Seattle, Fort Worth and Atlanta.

12 States

Western Service Area

Alaska, Hawaii and the Pacific through the Rocky Mountain states.

1 of 9

FAA regional headquarters

Seven-state Northwest Mountain Region: Washington, Oregon, Idaho, Montana, Wyoming, Utah and Colorado.

2018

Newest facility in either network