Tuesday, November 10, 2015

HFF arranges $96.4 million financing for biotech conversion project in San Diego, CA

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

No comments: