Electronic signature powerhouse Docusign is reportedly moving its offices in downtown Seattle a few blocks north, leaving the tower that bears its name.
The Seattle Times reports that Docusign signed a 115,000 square foot lease at JPMorganChase Center, with plans to move onto multiple floors in the building next to the Seattle Art Museum in the summer of 2027. That’s about the same footprint that Docusign currently holds at Docusign Tower, the former Wells Fargo Center at 999 Third Avenue.
It will join law firm Perkins Coie and real estate juggernaut Zillow in the JPMorganChase Center.
San Francisco-based Docusign moved into its current home in Seattle in 2015, expanding its footprint at the time to 119,000 square feet. It secured naming rights to the building in January 2020 when it took over additional floors and boosted its space 227,000 square feet in the building.
Covid hit that same year, sending teams to remote work locations. DocuSign started to bring workers back to the office more strictly in 2023, but it never needed the same amount of space in Seattle. It cut employees in 2022, and then laid off 10 percent of its workforce in 2023 and another six percent in 2024.
In 2024, Docusign also announced the $165 million acquisition of Seattle startup Lexion, an AI-powered contract management system. Lexion employed more than 100 people, with Docusign saying at the time that the acquisition brought the company “a team of world-class AI engineers.”
According to LinkedIn, Lexion co-founder Gaurav Oberoi serves as DocuSign’s group vice president of product. Other Docusign leaders in Seattle include Chief Financial Officer Blake Grayson and Chief Product Officer Graham Sheldon, who just announced he was joining the company earlier this week after extended stints at UiPath and Microsoft, where he served as a corporate vice president of product for Teams.
Docusign was founded in 2003 in Seattle by Tom Gonser, Court Lorenzini and Eric Ranft.
The company’s latest move is really a homecoming of sorts, at least when it comes to office space. Before moving to its namesake building in 2015, Docusign occupied space at the Russell Investments Center, which is now JPMorganChase Center.
Publicly-traded with a market valuation of nearly $10 billion, Docusign on Thursday reported first quarter revenue of $830.2 million, a nine percent year-over-year increase. The stock was down more than two percent in trading Friday on a weaker than expected outlook for the months ahead.
We’ve reached out to Docusign for comment, and we’ll update this post as we learn more.
Read the full article here
