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Square Mile Capital, Bank OZK arrange $202m construction loan for Bioterra Life Sciences Development in San Diego
Transactions - DECEMBER 15, 2022

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Square Mile Capital, Bank OZK arrange $202m construction loan for Bioterra Life Sciences Development in San Diego

by Andrea Zander

Square Mile Capital Management and Bank OZK have provided $202.6 million in construction financing for Bioterra, a 316,000-square-foot life sciences project in San Diego. Longfellow Real Estate Partners is the developer, and the project is slated for completion in the third quarter of 2024.

The property will offer a first-floor coffee bar, conference facilities, full-service gym with outdoor space for fitness classes and a full-service restaurant/café.

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