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…