SAN DIEGO, CA –– HFF announces the $149 million
refinancing of Genesis Campus Point, a three-building, state-of-the-art
life science campus totaling 314,135 square feet in the UTC submarket of San
Diego, California.
 |
| Timothy Wright |
The HFF team worked on behalf of the borrower, Phase 3 Real Estate
Partners, Inc., to secure the 48-month floating-rate loan.
Genesis Campus Point is located at 4224 and 4242 Campus Point
Court and 10210 Campus Point Drive in San Diego, which ranks as the third
largest biotech market in the country behind Boston and San Francisco.
Situated just east of Interstate 5 and
directly south of its interchange with Interstate 805, the property is
positioned within the heart of the UTC submarket, referred to as the “Golden
Triangle”, and is proximate to the UCSD health system, Scripps medical campus,
Westfield UTC Mall, Torrey Pines Reserve and Golf Course and numerous dining
and entertainment venues.
 |
| Olga Walsh |
The property comprises three Class “A” life
science buildings, an underground parking facility and an amenity building that
features a fitness center with lap pool, yoga studio, spin studio and
showers/lockers; an on-site restaurant/bar and conference centers.
 |
| Todd Sugimoto |
Tenants at the life science campus include
Poseida Therapeutics, MabPlex USA, Heron Therapeutics, Celgene, Tocagen,
BioLabs San Diego LLC and AveXis Inc.
The HFF debt placement team representing the borrower included
senior managing director Tim Wright, managing director Todd Sugimoto and
senior associate Olga Walsh.
Holliday GP Corp. ("HFF") is a real estate broker
licensed with the California Bureau of Real Estate, License Number 01385740.
Phase 3 Real Estate Partners, Inc. (P3RE) is a progressive
real estate company dedicated to fostering the growth of the life science
community by providing premiere, Class A environments that meet the needs of
companies today and in the future.
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.
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