Electronic signature tech company DocuSign is rumored to be moving its Seattle office to a new location at 999 Third.
The Puget Sound Business Journal reports that three sources have said DocuSign signed a letter of intent to lease six floors within the high-rise, also known as the Wells Fargo Center, on Third Avenue in downtown Seattle. This would allow the company to provide 132,000 square feet of office space for current and new employees.
The San Francisco-based company is reportedly running out of space at its current location in the Russell Investments Center, which is also home to Zillow Group. With over 50 million users, it’s no surprise DocuSign is in need of extra space to accommodate its rapidly expanding workforce.
Puget Sound Business Journal reporter Marc Stiles writes that DocuSign employed about 400 people worldwide as of the spring. The new space in 999 Third could accommodate about 880 employees.
DocuSign was founded in 2003 and has raised nearly $450 million through several financing rounds from a variety of investors. The service allows anyone to “transact anything, anytime, anywhere, on any device. Securely.” The company’s software is also frequently used by brokers during real estate transactions.