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Breakthrough buys former Seagen/Pfizer Everett biomanufacturing plant for $78M

Pfizer logoPfizer
Sig2.67Sen+2.78Env0.00Soc+1.07Gov+0.20

Breakthrough Properties acquired a 270,000-square-foot bio-manufacturing facility in Everett, Wash., for $78 million and leased the campus for 21 years to an unnamed global biopharmaceutical company. The plant was built by Seagen with about $350 million in investment but never opened after Pfizer bought Seagen in 2023, when Pfizer evaluated its manufacturing network for capacity use.

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