SEATTLE, WA – BioMed Realty has acquired a 154,000-square-foot, lab-capable building in Seattle, WA.
Located in the city’s South Lake Union neighborhood, the asset, 1101 Westlake, is currently fully leased to Meta.
This acquisition marks an important milestone for BioMed’s growing Seattle portfolio, while simultaneously highlighting the continued return to office
the technology industry,” states Jon Bergschneider, president of West Coast markets at BioMed Realty. “The acquisition of this prominent
100% leased property will enable us to support the city’s innovation ecosystem and talent-rich community now
The transaction represents BioMed Realty’s second acquisition in Seattle this quarter.
The firm now owns 1.4 million square feet of existing office and lab space in the city, including its flagship Dexter Yard project.
The company’s development pipeline consists of 1.2 million square feet, which includes the recent acquisitions of Denny Park South
Seattle remains one of the nation’s foremost hubs for life science and technology, driven by a highly educated workforce, growing population
leading research institutions,” says Tim Schoen, CEO of BioMed Realty. “BioMed is proud to provide life science companies
technology leaders with high-quality infrastructure where they can continue to collaborate and innovate in a thriving ecosystem.”