SAN DIEGO, CA – Holliday Fenoglio Fowler, L.P. (HFF)
announced it has arranged $96.4 million in financing to convert Genesis at Campus Point, a vacant
four-building office complex, into a state-of-the-art laboratory campus in the
UTC submarket of San Diego, California.
Working on behalf of the
borrower, a partnership between Phase 3 Real Estate Partners and its
institutional partner, HFF placed the 36-month, floating-rate loan with TPG
Real Estate Finance Trust. Proceeds will
be used to recapitalize the mid-year acquisition and fund immediate
repositioning costs of the asset.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct:
617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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