Stockdale Capital Partners closes $300m construction loan

Stockdale Capital Partners has closed a $330 million loan with a group of funds managed by Alliance Bernstein to continue redevelopment efforts at Horton Plaza.

“The Campus at Horton will be the pinnacle of mixed-use campuses in Downtown and the exemplification of what’s possible when innovative office design meets access to leading food, beverage, health and wellness offerings,” said Steven Yari, managing director at Stockdale Capital Partners. “We’re creating what we believe is the best product of its kind in San Diego — a place that will be a hub for thousands of high-tech jobs from all across California and for San Diegans to enjoy and experience.”

Exterior construction will begin shortly with 600 to 800 construction workers expected onsite to execute the mixed-use creative office and retail vision of the Campus at Horton, which will be the largest urban tech campus in the western United States.

The Campus at Horton will include 700,000 square