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June 11, 2018

Fred Hutch leases Eastlake steam plant

Journal Staff Reporter

Fred Hutchinson Cancer Research Center announced that it has signed a 10-year lease with Alexandria Real Estate Equities for the former Seattle City Light Steam Plant.

Current tenant Bristol-Myers Squibb Co. said in late 2016 that it wouldn’t renew its lease for the landmarked plant, at 1201 Eastlake Ave. E. overlooking Lake Union. Bristol-Myers’ lease runs through May 2019; the biotech firm previously announced that it is leaving Seattle.

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