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Sign in Sign up for a FREE subscription$213.4m financing arranged for Northern California life sciences portfolio
JLL Capital Markets has arranged $213.4 million in financing for a five-building life sciences portfolio totaling 325,977 square feet in South San Francisco and San Carlos, Calif.
JLL worked on behalf of the borrower, an affiliate of GI Partners, to secure the seven-year, fixed-rate loan through a life insurance company. Loan proceeds were used to finance the assets acquired via a recent sale arranged by JLL.
The portfolio consists of one building at 7000 Shoreline Ct. in South San Francisco, two buildings at 341-343 Oyster Point Blvd. in South San Francisco and two buildings at 75 and 125 Shoreway Rd. in San Carlos. All three properties are located along U.S. 101, in one of the world’s strongest life sciences markets with excellent access to venture capital, intellectual capital and premier research-oriented universities such as Stanford and University of California, San Francisco.
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