BioMed Realty Acquires Growth Website in Seattle

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SAN DIEGO–(BUSINESS WIRE) – BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, has acquired two adjacent parcels of Clise Properties in the South Lake Union neighborhood of Seattle. The location at 6th Avenue North and John Street can support a large class A laboratory and office building for life science and technology companies.

The website is in close proximity to major demand drivers such as the UW School of Medicine, the Bill and Melinda Gates Foundation, and the Fred Hutch Cancer Research Center, as well as major 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 sciences and technology office project currently under construction,” said Mike Ruhl, Vice President of BioMed Property. “We are thrilled to have the opportunity to further support Seattle’s status as a core life science marketplace that appeals to a variety of large local, regional, and national life science and technology-based employers looking to leverage Seattle’s rich talent pool . ”

The Clise family has a long history in Seattle and has been in the Seattle commercial real estate market since 1889. The family’s numerous contributions to the community include the establishment of Seattle Children’s Hospital in 1907.

“We are thrilled that South Lake Union continues to grow as a respected global center of excellence for science and technology,” said AM Clise, chairman and CEO of Clise Properties. “We are confident that BioMed Realty will offer a positive redevelopment that uses local resources.”

To learn more about BioMed Realty, visit biomedrealty.com.

About BioMed Realty

BioMed Realty, a Blackstone portfolio company, is a leading provider of real estate solutions to the life science and technology industries. BioMed owns and operates high quality life science properties with an area of ​​13 million square feet, which are focused on leading innovation markets in the US and UK, including Boston / Cambridge, San Francisco, San Diego, Seattle and Cambridge, UK Prime development platform with 3 Millions of square feet of Class A active construction properties to meet growing demand in the life science industry. To learn more about BioMed Realty, visit biomedrealty.com and follow the company on Twitter @biomedrealty.