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April 10, 2025

CBRE lands first tenant at 330 Yale

Photo by Mark Griffith Photography [enlarge]


Once dubbed Cascadian, the 330 Yale life-science building opened its doors in South Lake Union back in the summer of 2021. No tenants had pre-signed any lease deals for the speculative project, with its 211,555 square feet. That didn't deter LPC West and Invesco from then paying over $164 million for the new and empty building. Three years later, still empty, it was surrendered to the lender, KKR. But now there's a ray of sunshine to the gloomy story. CBRE has signed the UW Medicine's Institute for Protein Design (IPD) to take 31,837 square feet, with its Paul Carr, Marcus Yamamoto and Katie Smith representing KKR. The latter's Sam Gillespie said in a statement, “In this competitive Seattle life science market, we couldn't be more pleased that a leader such as the IPD has chosen to expand into 330 Yale.” The IPD program is led by the UW's David Baker, who recently received a Nobel Prize. He added, “With support from the UW Regents, we're excited to build a new center of excellence for translational science at 330 Yale.” IPD will take the third floor, and has eyes on the second floor for future expansion; KKR is currently preparing other turnkey lab suites to be ready this fall. LPC West continues to manage the building.




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