An office and life science development in Seattle’s University District was acquired by its lender after the builders defaulted amid weak demand for lab space in the region and other biotech hubs across the country.
Lender acquires empty office, life science project in Seattle as lab demand falters
Bank OZK picks up Chapter buildings in University District after developers default
CoStar News
July 9, 2026 | 9:21 P.M.
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IN THIS ARTICLE
- Properties
- The Chapter - Building 2
4536 Brooklyn Ave, Seattle, WA
- The Chapter - Building 1
4530 12th Ave, Seattle, WA
- Companies
- Bank OZK
Finance and Insurance
- Urban Renaissance Group
Real Estate
- Portman Holdings
Real Estate