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October 24, 2019

JLL announces $20M refi for Bothell biotech

JLL announced another refinancing for the owner of Nexus Canyon Park, at 21720 23rd Drive S.E. in Bothell. Prior to JLL's recent acquisition of HFF, the San Diego-based HFF team of Tim Wright, Zack Holderman, Zack Goodwin and Anthony Rosetta secured $19.2 million from an unnamed lender. Nexus Properties of San Diego developed owned the 152,050-square-foot facility in 1999. Some of its space was recently converted from lab to flex industrial. Current tenants include Epoch Pharmaceuticals, Sony Biotechnology, Sound Biologics and Shimadzu Scientific. Holderman said in a statement, “Bothell is considered a strong secondary life science cluster for tenants seeking more affordable lab or manufacturing space as compared to South Lake Union.” The last refinancing for the property came two years ago, for $17.8 million, secured by the same team.




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