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Clarion acquires stake in $364M Seattle life science asset
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Building leased by Nike (NYSE: NKE) sells for $24 million to California buyer
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Alexandria Real Estate Equities has formed a Joint Venture
with Clarion Partners on a 322,858 s/f life science campus in Seattle.
Clarion has acquired a 70 percent interest in the property in
a $450 million deal arranged by Newmark.
The transaction is the largest sale completed in the state
of Washington year-to-date.
“This transaction marks the first core life science offering
in the Seattle market in several years,” said Kevin Shannon, co-head of Newmark’s
U.S. Capital Markets team which represented Alexandria. The team included executive managing directors Ken White and Rob
Hannan along with vice chairman, Nick Kucha, executive managing directors Tim