June 16, 2017 Comments Off on $75M Construction Financing Arranged for 21-Story Life Sciences Tower Views: 545 Bay Area, California News

$75M Construction Financing Arranged for 21-Story Life Sciences Tower

San Diego-based Phase 3 Real Estate Partners, Inc. secured $75 million in construction financing to develop Genesis North Tower, a 21-story, 390,000-square-foot life science building. 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.

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 21-acre site sits off Highway 101, and is the first high-rise project to offer top quality amenities within a life science campus in South San Francisco’s life science cluster.

HFF’s debt placement team representing the borrower was led by Tim Wright, Todd Sugimoto, Zack Holderman and Olga Walsh.

Read more at HFF

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