BioMed Realty has acquired Denny Park South in Seattle. Located in the highly amenitized and talent-rich South Lake Union/Denny Triangle district, the 1.6-acre property consists of two adjacent parcels near industry-leading life-science and technology companies, and research institutions.
The proposed 616,000-square-foot development will provide additional options for prospective and existing BioMed tenants as they seek purpose-built buildings to accommodate research.
“BioMed continues to be focused on growth and expansion in our established core markets, like Seattle, where market fundamentals remain strong and innovation ecosystems are thriving,” said Tim Schoen, CEO of BioMed Realty. “We now have the ability to double our footprint in the Seattle market and continue investing in mission-critical lab infrastructure needed to meet strong tenant demand as life science and technology companies grow and scale in the region.”
The Denny Park South acquisitio
