Honolulu, HI-based The Shidler Group acquired the fee interest in land beneath phases I & II of the University of Washington School of Medicine Research Campus in Seattle for $133.6 million. The assets are 100%, absolute NNN-leased to an entity of the University.
The opportunity allows Shidler to own a 2.42-acre fully-improved city block that is adjacent to Amazon.com’s South Lake Union HQ campus.
Phases I & II of the development include recently developed and renovated state-of-the-art life science and office assets, totaling roughly 345,000 square feet. Phase I is located at 815 Mercer St. and phase II is located at 850 Republican St.
NGKF’s Capital Markets team of Kevin Shannon, Ken White, Michael Moll, and CBRE’s Tom Pehl represented the seller, Vulcan Real Estate.
Dennis Kaiser is Vice President of Content and Public Relations for
Connect Commercial Real Estate. Dennis is a communications
leader with more than 30 years of experience.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.