TCC Breaks Ground on 282,700-SF Life Science Development in Seattle; Pre-Leases 124,000 SF
November 30, 2022
Trammell Crow Company (TCC), a global commercial real estate developer, and partner Washington Capital Management, on behalf of their clients, have broken ground on a new life science development in Seattle. Rising 11 stories, 1916 Boren will include 282,700 square feet of life science space in the Denny Triangle neighborhood. Seattle Children’s Research Institute has pre-leased 124,000 square feet at the building, which will be used for pediatric research. Construction is slated to be completed by December of 2024, with the first tenant move-in scheduled for Q1 2025.
“1916 Boren is TCC’s second life science development in Denny Triangle, which is a neighborhood that has continued to evolve as a technology hub and a sought-after location for both business and Seattle residents,” said Alan Cantlin, Senior Vice President with TCC’s Seattle Office. “Seattle Children’s early commitment to the project reflects 1916 Boren’s market-leading life science infrastructure and design. The building will be well-suited to meet the specifications for the most demanding life-science buildouts. We’re looking forward to this project further developing the emerging life science cluster in Denny Triangle.”
1916 Boren will feature 14’ floor-to-floor height and 11’ windows, providing ample natural light and space to accommodate a range of life science buildouts. Amenities at the property include two dedicated freight elevators, chemical storage, outdoor patios on every floor, a cycling studio with locker rooms, a rooftop terrace, and a top-floor conference center with meeting rooms and collaboration spaces.
“We’re excited about the potential this space offers to meet the growing needs of our downtown workforce, as Seattle Children’s Research Institute continues our work to cure childhood disease and improve outcomes for children all over the world,” said Dr. Eric Tham, Senior Vice President and Chief Research Operations Officer at Seattle Children’s.
Shelley Gill and Adam Brenneman of Hazelbrook Advisors represented Seattle Children’s in its lease negotiations and Paul Carr of CBRE represented the landlord. Other project partners include CollinsWoerman acting as the project’s architect of record and Lease Crutcher Lewis serving as the general contractor.
1916 Boren is situated within Seattle’s largest concentration of residential communities, retail and culinary destinations. The location benefits from both a transit and Walkscore© of 100 and, situated at the intersection of Boren Avenue and Stewart Street, is just blocks away from Interstate-5, which is easily accessible by car. The development is adjacent to Boren Lofts, a TCC-developed life science building that was delivered in 2021 and includes 136,000 square feet of life science space.
About Washington Capital Management
Washington Capital Management, Inc. (WaCap) is an employee-owned investment advisory firm founded in 1978. WaCap is headquartered in Seattle, Washington, with offices and representatives in Portland, Boston, Southern California, Philadelphia, Atlanta, and Northern California. WaCap manages assets in real estate equity, real estate debt, fixed income and equity strategies, primarily for institutional clients. WaCap provides a diverse menu of investment products, including equity real estate investments, commercial mortgages and construction loans. Visit wa-cap.com to learn more.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.