Amazon.com isn’t the only one gobbling up space in Seattle’s South Lake Union neighborhood. Before the online retailer arrived, the former industrial zone in the center of the city was targeted as a hub of the region’s life sciences industry. And so that’s where the Institute for Systems Biology — the research institute founded by biotech pioneer Leroy Hood 11 years ago — has landed with its new headquarters.

The ISB is hosting a grand opening ceremony for the 140,000 square foot office and lab space Tuesday, showcasing the new home where 300 researchers and staffers will work. Located in Vulcan’s 401 Terry Ave. N building, the new facility provides ”the opportunity to further increase the depth and breadth of our scientific capabilities,” said Hood.

“ISB has a long-standing tradition of sharing our discoveries in computation, technologies, and related areas of systems biology research with others, so we are excited to move to this region’s life sciences research and technology hub,” said Hood.

Other organizations in the neighborhood include Fred Hutchinson Cancer Research Center, Microsoft, Novo Nordisk, PATH, Seattle BioMed, Seattle Children’s Research Institute, SightLife, UW Medicine and VLST.

In addition to lab and office space, the ISB headquarters features a 3,000-square-foot data center that stores approximately 1 petabyte of scientific data and a 2,000-square-foot mass spectrometry facility described as “one of the largest in Seattle.”