One of Bothell’s biggest corporate footprints is suddenly in play. Philips has officially put its 57-acre campus along Bothell-Everett Highway up for sale, teeing up what could be one of the largest redevelopment moves north of Seattle. The property spans roughly 600,000 square feet of lab and office space across multiple R&D and office buildings on three parcels and is being pitched as a rare opening for large-scale industrial or life-science developers.
As first reported by the Puget Sound Business Journal, Philips owns multiple buildings across the three-parcel site and has formally listed the full 57 acres for sale. Data reporter Neetish Basnet notes the campus has long served as a hub for Philips’ ultrasound and medical-device work, a role that has made the site a familiar landmark in Bothell’s tech and health-care corridor. The Business Journal’s coverage is accompanied by a Snohomish County assessor photo of the property.
Marketing materials for the sale are posted by JLL, which brands the holding as the “Bothell 405 Industrial Development Site” at 22100 Bothell Everett Highway. According to JLL’s packet, the assemblage includes four R&D and office buildings totaling more than 600,000 square feet on about 57 acres, with the listing page showing an update date of June 1, 2026. The brokerage outlines a structured sale-leaseback that would allow Philips to remain in some of the buildings for a transition period.
What Developers Are Buying
JLL is leaning hard into the site’s infrastructure and flexibility, calling it, in the firm’s words, “a once-in-a-lifetime opportunity to secure a development site of scale.” The offering highlights heavy power capacity and flexible zoning, and notes that more than 25 usable acres could support distribution or industrial redevelopment. The materials also point to roughly 10 megawatts of available power as a competitive edge for power-hungry users.
For investors who like a little income while they plan their grand redesign, the brochure notes that Building C is anchored by a long-term lease to Juno Therapeutics, giving any buyer an existing, credit-backed revenue stream from day one.
Why Bothell Appeals Now
The timing lines up with broader Eastside industrial trends. New industrial supply on the Eastside remains tight, and larger, well-located parcels are increasingly rare. Cushman & Wakefield’s Q1 2026 MarketBeat for the Puget Sound Eastside documents muted deliveries and limited construction activity, conditions that tend to push investors toward big, developable tracts like this one.
In that context, a power-heavy, multi-building campus with potential industrial or distribution reuse checks a lot of boxes. The current lab and office footprint could appeal to life-science and tech users, while the underlying land and infrastructure may draw buyers who are willing to convert some or all of the site to industrial uses.
What It Means For Workers
For now, Philips employees are still working on the Bothell campus. The company told the Puget Sound Business Journal that it will “explore other potential office spaces for workers in the Seattle area” as the sale process advances.
The marketing materials describe a sale-leaseback of up to 18 months on several buildings, which could give Philips time to sort out relocations or operational changes. At this point, neither Philips nor Bothell officials have laid out a public timeline for any tenant moves or for future redevelopment approvals.
In the meantime, the property is headed to the wider investor and developer market. Its mix of scale, power capacity and existing tenancy makes it one of the more consequential development prospects in the region. The campus remains occupied and the exact sales timeline is not yet known, with interested buyers directed to the marketing packet for specifics. We will be watching for filings, broker updates and any new statements from Philips or the City of Bothell as this high-profile deal takes shape.
