A Seattle office building was acquired by Toronto-based Oxford Properties Group, which intends to convert it into a fully dedicated life science facility. The purchase further bolsters the South Lake Union neighborhood as Seattle’s premier life sciences hub, joining industry leaders such as Fred Hutchison Cancer Research Center, NanoString Technologies, Bristol Myers Squibb and Seattle Children’s Research Institute, which also have offices there.
Chad Remis, Oxford’s North American Executive Vice President commented: “The South Lake Union submarket is one of the most desirable life science ecosystems in the country. The acquisition of Boren Lofts is a rare opportunity to create more than 136,000 square feet of institutional, necessary lab space for innovators, creators, scientists and more. We look forward to continuing our growth in Seattle and welcoming new customers to our innovative high-end facility in the near future.”