REBusinessOnline

JLL Arranges $19.9M Refinancing for Suburban Seattle Biotech/R&D Facility

Nexus-Canyon-Park-Research-Center-Bothell-WA

Epoch Pharmaceuticals, Sony Biotechnology, Sound Biologics and Shimadzu Scientific.

BOTHELL, WASH. — JLL has secured $19.9 million in refinancing for Nexus Canyon Park Research Center, a life science, flex and R&D property in Bothell, a suburb of Seattle. The borrower is San Diego-based Nexus Properties.

Located at 21720 23rd Drive SE, the two-story Nexus Canyon Park Research Center features 152,050 square feet of space. Constructed in 1999, the facility recently underwent a partial conversion into flex industrial space. Current tenants include Epoch Pharmaceuticals, Sony Biotechnology, Sound Biologics and Shimadzu Scientific.

Tim Wright, Zack Holderman, Zack Goodwin and Anthony Rosetta of JLL arranged the loan for a national lender on behalf of the borrower.

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