Now, says Hans Kemp, the company's broker with the Seattle office of The Staubach Co., Boston Scientific is looking to tenant the 163,454-sf complex instead.
"Our focus has shifted to leasing," says Kemp who describes the property as "a fairly specialized two-building complex with about 94,000 sf of office space and a 69,000-sf clean room, production and distribution building."
While Kemp would love to land a tenant for the entire property at 17425 NE Union Hill Rd., Boston Scientific, which manufactures a medical device used to clear clogged arteries, is now willing to individually lease the pair of two-story buildings, even splitting them by floors. The asking rent rate for all the space is "in the $21 per sf range triple net," says Kemp, with separate rates for office and biotech space up for negotiation.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.