Sep 04, 2025

222 Fifth finds new tenant

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222 Fifth

The Access to Advanced Health Institute announced that it's moving to 222 Fifth, the fairly new life-science building from LPC West near Seattle Center. AAHI is a nonprofit dedicated to creating new vaccines. It's taking space within 222 Fifth's pre-built CoLabs incubator space. How much space, and at what terms, weren't stated. AAHI's Keeley Foley said, “The move to CoLabs will enhance our research capabilities, allowing for expanded collaboration and faster translation of scientific breakthroughs into real-world solutions.” Its brokers were Kris Washburn and Blair Stern at JLL. The building is represented by CBRE's Marcus Yamamoto and David Abbott. AAHI also has operations in South Africa and England. Its Seattle lab was previously at 1616 Eastlake Ave., which is owned by Alexandria Real Estate Equities.

Coldwell Banker Bain

Abbey

Coldwell Banker Bain announced before the long holiday weekend that veteran residential advisor Karen Abbey has returned to its fold. She'll be based at the Capitol Hill office. She said in a statement, “I began my real estate career with Coldwell Banker Bain in 2010, and have returned because of its strong national and international presence, outstanding reputation for marketing, broker education and the high level of professionalism throughout the company.”

Azose secures tenant on First

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A few steps from Pike Place Market, the Alaska Trade Building has a re-signed a tenant, says owner Azose Commercial Properties. Ecotope renewed its full-floor lease. Terms weren't announced. Mike Azose said in a statement, “Ecotope's decision to renew their lease is a testament to the enduring value of well-located, well-managed properties in the Pike Place Market area.” The tenant's brokers were Mark To and Adam Chapman at JLL. The landlord calls Ecotope “a leader in sustainable building design, energy policy, and research for over four decades.”

Gantry lands almost $28M for Vancouver retail

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Down south in Vancouver, Gantry recently arranged a $27.8 million refinancing package for the owner of Hazel Dell Marketplace. Blake Hering and Abi Hunter work in Gantry's Portland office. Hering said in a statement, “Hazel Dell is a standout performer in Vancouver, with a strong roster of popular retailers and restaurants with high occupancy across the center's inline and pad buildings.” Tenants include Safeway, Ross and Marshalls. The owner and borrower is C.E. John. The new fixed-rate, 10-year loan carries an initial interest-only period, followed by a 30-year amortization.

A bit more about Kowa

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As the DJC reported in July, the fully leased Building D at the Fred310 industrial campus near Frederickson sold for $176 million to BentallGreenOak. The sellers were developer Panattoni and partner Crow Holdings. Readers may recall that the 753,069-square-foot building has two tenants: GE Appliances, which is owned by Chinese company Haier; and Kowa, a Japanese manufacturing conglomerate. The Economic Development Board for Tacoma-Pierce County recently shared a bit more about the latter. Kowa has about 300,000 square feet, and is planning its first manufacturing operation in the U.S. Tenant improvements are now underway at Building D; the facility will open next year, with the hiring effort already begun. Kowa hasn't said how many folks it's hiring or what it will make there. Its wares include medicines, medical devices, vision units, energy and energy-creating products. Said Pierce County Executive Ryan Mello, “Kowa's expansion demonstrates that our region is well-positioned for global investment. It reflects our shared commitment — across public and private sectors — to building a strong, resilient economy that offers opportunity and innovation.”