{"id":1004521063,"date":"2021-04-09T02:58:47","date_gmt":"2021-04-09T10:58:47","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004521063"},"modified":"2021-05-15T10:24:12","modified_gmt":"2021-05-15T18:24:12","slug":"trammell-crow-sells-seattle-life-science-property-for-119m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trammell-crow-sells-seattle-life-science-property-for-119m\/","title":{"rendered":"Trammell Crow Sells Seattle Life Science Property for $119M"},"content":{"rendered":"
\"Boren

Boren Lofts. Image courtesy of Trammell Crow Co.<\/em><\/p><\/div>\n

Trammell Crow, together with Washington Capital Management on behalf of its clients, has sold Boren Lofts in downtown Seattle for $119.1 million, public records show. Oxford Properties Group acquired the 136,217-square-foot life science development just a few months after the building opened.<\/a><\/p>\n

Located at 1930 Boren Ave. in the Denny Triangle neighborhood, the 10-story building is within walking distance of Amazon\u2019s corporate headquarters and a couple of blocks from Interstate 5. The development side-mounted core comprises more than 15,000 square feet of uninterrupted floorplates, 15-foot-high ceilings, a rooftop terrace and some 4,400 square feet of retail. According to CommercialEdge data, Trammell Crow and Washington Capital Management received a $59.9 million construction loan from Wells Fargo Bank to develop the project, which is seeking LEED Silver certification.<\/p>\n

The life science sector has experienced a boom in the past year, as the race for both a COVID-19 vaccine and treatment translated into accelerated demand for modern lab space. A recent JLL report<\/a> names the Seattle-Tacoma-Bellevue metro area as the U.S. leader in terms life science employment acceleration.<\/p>\n","protected":false},"excerpt":{"rendered":"

The recently opened Boren Lofts is just blocks away from Amazon\u2019s corporate headquarters. <\/p>\n","protected":false},"author":748,"featured_media":1004528468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21754,21742,1610,15],"tags":[33104,35042,33953,33215],"class_list":["post-1004521063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-medical-office","category-latest","category-seattle","category-west","tag-oxford-properties-group","tag-trammell-crow","tag-washington-capital-management","tag-wells-fargo-bank"],"acf":[],"yoast_head":"\nTrammell Crow Sells Seattle Life Science Property for $119M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-sells-seattle-life-science-property-for-119m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trammell Crow Sells Seattle Life Science Property for $119M\" \/>\n<meta property=\"og:description\" content=\"The recently opened Boren Lofts is just blocks away from Amazon\u2019s corporate headquarters.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-sells-seattle-life-science-property-for-119m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-09T10:58:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T18:24:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Boren-Lofts-Seattle-300x229-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"229\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-sells-seattle-life-science-property-for-119m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/trammell-crow-sells-seattle-life-science-property-for-119m\/\",\"name\":\"Trammell Crow Sells Seattle Life Science Property for $119M - 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