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| Genesis North Tower Life Science Building, South San Francisco, CA |
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| Tim Wright |
HFF worked on behalf of
the borrower, Phase 3 Real Estate Partners, Inc., in arranging the construction
loan through a national bank lender.
Genesis North Tower is
located at Two Tower Place immediately adjacent to and visible from Highway 101
in South San Francisco’s life science hub.
This location is less than 10 minutes from the San Francisco Airport and
proximate to the Bart/Caltrain lines of the San Bruno and South San Francisco
stations.
The shovel-ready project
is the second phase of a combined 800,000-square-foot life science project,
which also includes the existing Genesis South Tower lab property and future
seven-story Hotel and Amenity center.
The HFF debt placement
team representing the borrower was led by senior managing director Tim Wright, managing director Todd Sugimoto, director Zack Holderman and associate Olga Walsh.
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| Olga Walsh |
P3RE’s properties are
located in the epicenters of the life science markets in San Diego and San
Francisco. These are innovative urban
centers for the life sciences, and represent two of the top three life science
clusters in the world.
For a complete copy of the company’s
news release, please contact:
Kristen M. Murphy
Director, Public Relations
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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