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BioMed Acquires Meta-Leased Seattle Property in $150 Million-Plus Deal

Life Science Developer Touts Second Area Purchase in Three Weeks as ‘Lab-Capable’
BioMed, the life science arm of New York-based Blackstone, bought the six-story office mid-rise at 1101 Westlake Ave. N April 29 for $151.5 million. (BioMed)
BioMed, the life science arm of New York-based Blackstone, bought the six-story office mid-rise at 1101 Westlake Ave. N April 29 for $151.5 million. (BioMed)

National life science developer BioMed Realty has grabbed another property in Seattle’s South Lake Union tech cluster, adding a Facebook-leased tech office — touted by the investor as “lab-capable” — to its portfolio. 

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