Another new Seattle office tower will pivot to life science use

LPC West and Invesco Real Estate have purchased a nine-story building in South Lake Union, known as Cascadian, for $164.5 million with the intention of using it as a new space for life science companies. This is the second building the property group has bought in the Seattle area to use for life science purposes.

“The sale of Cascadian reflects both the strength of the diverse, broader, office market in the Puget Sound region and the fact that the Puget Sound has truly established itself as a top-tier life science and research location,” said Andrew Cox, senior vice president and regional director at Unico Properties.

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