Kinzer has extensive experience representing multi-disciplinary requirements including office, lab, and manufacturing.
Transaction Details
Client: Intellectual Ventures Laboratory
Size: 95,000 SF
Space Type: Lab/Clinical, Office
Sector: Corporate
Service Line: Brokerage
Keywords: Life Sciences, Tech, Eminent Domain, Research
Total Client Transactions: 3
Detailed Expertise
- Lease versus own analysis
- Eminent domain
- Lease renewal
- Site selection (lease)
- Laboratory and R&D expertise
Challenge
Intellectual Ventures is the global leader in the business of invention. They collaborate with leading inventors, partner with pioneering companies and invest both expertise and capital in the process of invention to energize and streamline an invention economy that will drive innovation around the world. They had five Bellevue offices, three of which were going to be condemned by Sound Transit for a new light rail station.
Solution
Our team stayed nimble to adapt to IV’s data-driven culture and decision-making process. We successfully completed a site selection process to find a new co-location facility, while negotiating several short-term lease renewals and navigating the eminent domain process with Sound Transit. The new Intellectual Ventures Laboratory facility required creativity and an open mind; an old 50,000 SF office/warehouse building Kinzer discovered could be expanded to accommodate the 95,000 SF requirement and a conversion of the warehouse to a world-class lab would help recruit the top inventors on a global basis.
