Alexan­dria seals $143M deal in Seat­tle's 'heart of the heart,' grab­bing cov­et­ed land to build its biotech clus­ter

In the lat­est push to be­come the pre­mier land­lord in Seat­tle’s grow­ing biotech hub, Alexan­dria has se­cured rights to a new plot sur­round­ed by tech gi­ants.

The life sci­ences re­al es­tate de­vel­op­er — renowned in part for its start­up in­cu­ba­tors and ven­ture in­vest­ments — has agreed to pay the city gov­ern­ment $138.5 mil­lion for a 2.86-acre site in the boom­ing South Lake Union neigh­bor­hood. Pend­ing coun­cil ap­proval, con­struc­tion will be­gin as ear­ly as next year.

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