Alexandria seals $143M deal in Seattle's 'heart of the heart,' grabbing coveted land to build its biotech cluster

In the latest push to become the premier landlord in Seattle’s growing biotech hub, Alexandria has secured rights to a new plot surrounded by tech giants.

The life sciences real estate developer — renowned in part for its startup incubators and venture investments — has agreed to pay the city government $138.5 million for a 2.86-acre site in the booming South Lake Union neighborhood. Pending council approval, construction will begin as early as next year.