July 1, 2020
San Diego-based BioMed Realty secured $165 million in financing for 5300 Chiron Way in Emeryville, CA. The Class A life science building, which totals 303,509 rentable square feet, is located within BioMed Realty’s campus, known as the Emeryville Center of Innovation. NKF’s Ramsey Daya and Chris Moritz helped arrange the financing on behalf of the owner.
5300 Chiron Way, as part of a specialized hub for innovation, is 100% leased to Zymergen, science and material innovation company. The loan will allow BioMed Realty to invest capital to transform the asset into a specialized and innovative high-tech environment for Zymergen’s dynamic new headquarters location.
Daya says, “The property presented an opportunity to help fund the development of what is the beginning of one of the most ground-breaking urban infill life science campuses on the West Coast. The lender stood out in a competitive landscape and was able to execute efficiently in a challenging environment.”
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