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Seattle & Northwest  + Seattle  + Healthcare  | 
BioMed Realty has acquired two adjacent parcels in Seattle's Denny Triangle, expanding its development footprint in the submarket

BioMed Realty Expands Denny Triangle Footprint with $127M Parcel Deal 

BioMed Realty has acquired Denny Park South in Seattle’s South Lake Union/Denny Triangle submarket for a reported $126.8 million. The seller of the two adjacent parcels spanning 1.6 acres was Clise Properties. 

“We now have the ability to double our footprint in the Seattle market and continue investing in mission-critical lab infrastructure needed to meet strong tenant demand as life science and technology companies grow and scale in the region,” said Tim Schoen, CEO of BioMed Realty.  

The Denny Park South acquisition will allow BioMed Realty to grow its existing 1.2 million-square-foot portfolio in Seattle which includes the recently completed flagship Dexter Yard project in South Lake Union.  

The new acquisition and the T6 Innovation Center at 200 Taylor Avenue North, represent an additional 1.2 million square feet of development potential. BioMed anticipates investing an additional $700 million to develop these new facilities over time. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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