CBRE has arranged a 31,837-square-foot lease to UW Medicine’s Institute for Protein Design (IPD) at 330 Yale, a 211,555-square-foot life science facility in Seattle’s South Lake Union. The lease is the first major life science lease in 2025.

CBRE’s Paul Carr, Marcus Yamamoto and Katie Smith represented the owner, 330 Yale Owner LLC, a subsidiary of KKR-managed accounts. The property is managed by Lincoln Property Company. “This new lease is a testament to the strength of Seattle’s life science ecosystem,” said Yamamoto. “The Institute will occupy the entire third floor and the property can accommodate future growth with move-ready lab space on the second floor.”

After taking ownership of the property last year, 330 Yale Owner LLC invested in new amenities, including a large conference room, rooftop event space and move-in ready lab suites. “In this competitive Seattle life science market, we couldn’t be more pleased that a leader such as the IPD has chosen to expand into 330 Yale,” said Sam Gillespie, Vice President at K-Star Asset Management.

Photo credit: Mark Griffith Photography