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Transactions - APRIL 30, 2021

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BioMed Realty acquires development site in Seattle

by Released

BioMed Realty has acquired two adjacent parcels from Clise Properties totaling 1.8 acres in Seattle’s South Lake Union neighborhood. The site at Sixth Avenue North and John Street can support a large-scale class A lab and office building for life sciences and technology companies.

The site is within close proximity to key demand drivers, including University of Washington School of Medicine, the Bill and Melinda Gates Foundation, and the Fred Hutch Cancer Research Center, along with large technology companies such as Amazon, Google, Facebook and Apple.

“BioMed Realty is proud of our longstanding partnership with the City of Seattle and local community groups to create successful developments such as Dexter Yard, a 500,000-square-foot life science and technology office project currently under construction,” said Mike Ruhl, vice president of BioMed Realty. “We are excited about the opportunity to continue to support Seattle’s status as a core life science marke

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