Parklane Executive Center

31620 23rd Avenue South, Federal Way, WA 98003

Property Information

  • For Lease $26.00 - $26.04/SF/YR
  • Property Type Office - General Office
  • Property Size 40,053 SF
  • Lot Size 1.53 Acre
  • Parking Spaces Avail. 139
  • Parking Ratio 3.49 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1984
  • Date Updated Apr 29, 2026

Description

Parklane Executive Center is a 40,053-square-foot Class B office building set on a 1.53-acre lot in Federal Way. Built in 1984, the property includes 139 parking spaces with a parking ratio of 3.49 per 1,000 square feet, making it convenient for employees and visitors alike. Its general office layout is designed to accommodate a variety of business needs, providing practical options for prospective tenants seeking flexible and functional workspace.

The property is surrounded by a wealth of amenities, including several dining options such as Pho Hoang Restaurant and Jimmy John's, both within 0.2 miles. Nearby hotels like Courtyard and Hampton, less than 0.3 miles away, offer convenient accommodations for visiting clients or team members. Federal Way Transit Center Parking is just a short walk from the building, providing additional accessibility for commuters. Other nearby highlights include fuel stations like 76, located approximately 0.3 miles away, and educational institutions such as Harry S. Truman High School, which is 0.2 miles from the property.

7 Spaces Available

#110

Space Type

General Office

Lease Rate

$26.00/SF/YR

Total Space

4,408 SF

Floor

1

Divisible Space

4,408 - 4,408 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

#200A

Space Type

General Office

Lease Rate

$26.00/SF/YR

Total Space

1,195 SF

Floor

2

Divisible Space

1,195 - 3,300 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

#200B

Space Type

General Office

Lease Rate

$26.00/SF/YR

Total Space

595 SF

Floor

2

Divisible Space

595 - 3,300 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

#200C

Space Type

General Office

Lease Rate

$26.00/SF/YR

Total Space

1,053 SF

Floor

2

Divisible Space

777 - 3,300 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

777 SF, OPTIONAL 276 SF ADD-ON

#201

Space Type

General Office

Lease Rate

$26.00/SF/YR

Total Space

720 SF

Floor

2

Divisible Space

720 - 720 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

No

Contacts

Drew Frame

Kidder Mathews

Will Frame

Kidder Mathews

Ryan Kershaw

Kidder Mathews

Location

Contact Parklane Executive Center
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