Lincoln Property Company and Intercontinental Real Estate Corporation Announce CoLabs Program at Seattle Life Science Building

Lincoln Property Company (“Lincoln”), a global full-service real estate firm, and Intercontinental Real Estate Corporation (“Intercontinental”) welcomed the first tenants to 222 Fifth, a state-of-the-art life science building in Seattle’s South Lake Union. The 200,000-square-foot building is home to ownership’s CoLabs concept, a biotech incubator designed to support early to mid-stage startups.

222 Fifth, designed by Gensler, was developed with flexibility in mind. Levels two through four of the building serve as tenant-ready speculative lab floors, which are split between available multi-tenant suites and the CoLabs space on level three. The CoLabs environment is flexible and scalable, offering private lab, open lab, and office space to meet the unique needs of growing biotech companies. The first CoLabs tenants include the Exo-Immuno Research Institute, Kinea Bio, Celogics, and Decycle.

“We are proud to announce the launch of 222 Fifth’s innovative CoLabs program, designed to foster growth and success for our tenants,” said Nicole Griffin, Director at Intercontinental. “With a strong commitment to supporting entrepreneurs and businesses, we are dedicated to providing our CoLabs tenants with essential resources, flexible space, and the dynamic environment that they need to thrive in today’s fast-paced market. Our mission is to create an empowering space that fuels creativity, collaboration, and long-term growth for every tenant.”

“CoLabs at 222 Fifth is a full-service product, offering much more than turn-key lab spaces,” added Uly Rivera, CoLabs Director for Lincoln. “The CoLabs space is equipped with a stockroom, a tissue culture room, a Millipore water system, and communal equipment like fume hoods, freezers, incubators, glass wash and other science-critical instruments. Our tenants also have access to exclusive services that allow them to focus on growth and innovation, not office or lab logistics.”

An on-site CoLabs team manages the lab operations and programming, which supports tenants and provides access to mentorship, an investor portal, and discounts/partnerships with vendors and suppliers. The on-site team also supports chemical management, dock management, shipping and receiving services, visitor reception, and provides 24/7 security for tenants.

Mr. Rivera added, “CoLabs at 222 Fifth was designed to innovate this sector of real estate development, which needs to continue evolving to meet the needs of the dynamic companies operating in the life science industry, both through design and program implementation. Our team is also engaged with the broader Seattle biotech ecosystem, planning on-site events for tenants and like-minded companies to foster collaboration.”

Marcus Yamamoto and David Abbott of CBRE are handling the leasing at 222 Fifth. Lease Crutcher Lewis acted as the project’s general contractor.

Located adjacent to the Seattle Center Space Needle, 222 Fifth offers access to local amenities including multiple dining options and entertainment, including world-class performing arts and sporting events at the nearby Seattle Center. The monorail station at MOPOP is one block from the building.

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 562 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 164 million square feet of development since its inception in 1965 and has another $19.5 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.

Intercontinental Real Estate Corporation

Intercontinental Real Estate Corporation is an SEC Registered Investment Adviser* with decades long experience in real estate investment, finance, development, construction management and asset management. Since 1959, Intercontinental and its affiliates have managed, developed, or owned collectively over $18.25 billion in real estate property. As of December 31, 2024, Intercontinental manages a real estate portfolio of approximately $12.65 billion for its clients. Intercontinental investment strategies actively seek opportunities to invest in both Core and Core-Plus properties, as well as in Value-Add operating properties and development projects. For more information on Intercontinental please visit www.Intercontinental.net. *Registration with the SEC does not imply a certain level of skill or training.