Zulily’s headquarters building is going on the market in another change for the Seattle-based online retailer.
The 6-floor, 345,777 square-foot building, just off the Seattle waterfront at 2601 Elliott Ave., will be available to lease starting Jan. 1 of next year, a CBRE representative confirmed to GeekWire.
We’ve reached out to Zulily for more details and will update this post if we hear back.
The Daily Journal of Commerce in April reported about proposals to turn some of the building, which previously was home to Real Networks, into life sciences space.
Zulily has already gone through an ownership change and multiple layoffs this year.
Former Zulily owner Qurate sold the company to Los Angeles-based private equity firm Regent in May. One month later, Zulily laid off staff.
Zulily also laid off employees in March to help cut costs, and had another round of layoffs a year ago.
The company reported a 17% drop in revenue during the first quarter, to $192 million, and a $43 million operating loss. Qurate cited lower unit volume and a reduction in shipping revenue “largely driven by reduced traffic to the site.” Zulily revenue dropped 28% in the fourth quarter.
In a press release announcing its acquisition, Regent said it planned to grow Zulily’s business in new markets. Regent’s portfolio includes Club Monaco, Dim Paris, and Redline Bicycles.
Zulily is axing its consumables business, The Puget Sound Business Journal reported last month.
Founded in 2010, Zulily went public in 2013. The company got its start by offering daily deals on products for moms and kids, and later expanded its product selection.
