Foster Pepper, Barack Ferrazzano Steer $134M Seattle Deal

Law360, Minneapolis (September 1, 2016, 1:28 PM EDT) -- Foster Pepper PLLC represented Vulcan Real Estate in connection with its sale of land underneath several research facilities at the University of Washington School of Medicine in Seattle to Barack Ferrazzano Kirschbaum & Nagelberg LLP-counseled The Shidler Group for $133.6 million, according to an announcement from the firms on Wednesday.

The deal is for a ground lease for several buildings owned by University of Washington at 850 Republican St. in Seattle's South Lake Union district.

Vulcan said it will use proceeds from the sale for other development projects as well as for value-add and land acquisitions.

"UW Medicine's presence in South...

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