Life Science: Great Promise & Rapid Growth

TOP VC-FUNDED COMPANIES (2018)

COMPANY

ROUND

MONEY RAISED LEAD INVESTORS

Nohla Therapeutics

Series B

$56M

Celgene, Fidelity Management & Research

Magnolia Neurosciences

Series A

$31M

Accelerator Life Science Partners, MD Anderson Cancer Center

Stratos Genomics

Series B3

$20M

Fisk Ventures

Wiserg

Series C

$19M

Laird Norton Company

ApoGenBiotechnologies

Series B

$11M

Eli Lilly, Johnson & Johnson Innovation, M Ventures, AbbVie Ventures

Sound Pharmaceuticals

Series C2

$8M

Undisclosed

Joylux

Series A

$7M

Portfolia, Keiretsu Forum, Belle Capital

Presage Biosciences

Series D

$6M

Celgene, Takeda Ventures

Immusoft

Series B

$4M

600 Mile Challenge Fund

Healionics

Seed Funding $1M

Keiretsu Forum, Keiretsu Capital, Alliance of Angels

Source: PitchBook, Crunchbase

SUBMARKET STATS

AVG. ASKING RENT (NNN) INVENTORY (SF)

VACANCY

Seattle CBD (includes South Lake Union, Financial District, & Denny Regrade) Seattle In-City (includes North Seattle/Northgate & East Seattle/Capitol Hill)

1.1%

$52.46

5,548,372

0.3%

$37.00

1,082,374

Bothell

$19.56

2,623,353

9.0%

Redmond

2.7%

$24.81

1,627,487

NOTABLE LEASE TRANSACTIONS (2018)

TENANT

SF

LANDLORD

ADDRESS

SUBMARKET

LEASE TYPE

Seattle Genetics

205,000 Blackstone Group

2300, 2500, 2530 223rd St SE (Canyon Park Commons – Bldgs 1 - 3)

Bothell

New

CMC ICOS Biologics

149,000 MRM, Inc., & Taylor Development

21501-21516 23rd Dr. SE

Bothell

New

Fred Hutchinson Cancer Research Ctr Seattle Cancer Care Alliance

106,000

Alexandria Real Estate Equities Alexandria Real Estate Equities

1201 Eastlake Ave E (Lake Union Steam Plant)

Seattle CBD

New

40,000

1818 Fairview Ave.

Seattle CBD

New/ Prelease

Lyell Immunopharma

34,000

BioMed Realty

500 Fairview Ave N

Seattle CBD

New

InBios International

26,000 BioMed Realty

307 Westlake Ave N.

Seattle CBD

New

NOTABLE SALE TRANSACTIONS (2017 - 2018)

ADDRESS

SUBMARKET SF

BUYER

SELLER

PRICE CAP TENANTS

1730 Minor Ave & 1100 Olive Way (Metropolitan Park) 21222, 21312, 21520 30th Dr SE (Highland Campus Tech Centre) 2301 5th Ave. (Fifth & Bell Bldg)

Denny Regrade

709,000 (2 bldgs.)

CalSTRS & Beacon Capital Partners

CBRE Global Investors

$435M 4.4% Swedish, Kaiser

Permanente, Virginia Mason, Seattle Children’s

Bothell

201,766 Equus Capital Partners, Ltd.

InvestCorp International, Inc.

$33.6M N/A Seattle Genetics, AVI-SPL, AR Modular RF

Denny Regrade

197,000

Alexandria Real Estate Equities

Blackstone Group

$95M

5.2% Amazon, Institute for Health Metrics

35

Contributor: Brian Cagayat, brian.cagayat@cushwake.com