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Alexandria Sells Off Chunk of Seattle Life Science Campus

Clarion Partners Takes 70% Interest in Trio of Buildings
The Eastlake Life Science Campus includes the Seattle City Light Lake Union Steam Plant, a building dating back to 1920 that has been converted into offices and lab space. (CoStar)
The Eastlake Life Science Campus includes the Seattle City Light Lake Union Steam Plant, a building dating back to 1920 that has been converted into offices and lab space. (CoStar)
By Clare Kennedy
CoStar News
December 14, 2020 | 10:36 P.M.

Real estate investment trust Alexandria Real Estate Equities Inc. has sold a 70% stake in part of a biotech campus in Seattle, a deal that values the office and laboratory properties at $450 million.

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