Biotech Facility Developed at Seattle Life Sciences Complex

Published August 2003

SEATTLE, WASH. -

Alexandria Real Estate Equities, based in Pasadena, Calif., is planning to construct a $25-million biotech facility at its Seattle Life Sciences complex. The $25-million, 129,000-sf research and development project will replace the 55,000-sf Eklind Hall, the oldest building in the complex. The 10-story building will include five levels of underground parking. Additionally, Alexandria recently spent $35-million to purchase biotech incubator Accelerator Corp.’s Seattle facility. The building is currently under construction with completion expected in October 2003.

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