Dealmaker: HFF Arranges $268M for Science Campus, Mixed-Use Assets

Holliday Fenoglio Fowler, Houston, arranged $267.5 million for a San Diego life science campus and a Denver-area mixed-use property.

In San Diego’s University Town Center submarket HFF secured a $149 million 48-month floating-rate loan secured by Genesis Campus Point, a three-building life science campus totaling 314,135 square feet.

A debt placement team including HFF Senior Managing Director Tim Wright, Managing Director Todd Sugimoto and Senior Associate Olga Walsh worked with borrower Phase 3 Real Estate Partners on the transaction.

Genesis Campus Point is located at 4224 and 4242 Campus Point Court and 10210 Campus Point Drive in San Diego, the third-largest biotech market in the country behind Boston and San Francisco. Located just east of Interstate 5 and directly south of its interchange with Interstate 805, the property is close to the University of California-San Diego health system and Scripps medical campus.

Tenants in the three Class A life science buildings include Poseida Therapeutics, MabPlex USA, Heron Therapeutics, Celgene, Tocagen and BioLabs San Diego LLC.

HFF also secured $118.5 million in financing for The Forum Fitzsimons, a mixed-use residential and retail property in Aurora, Colo.

Working on behalf of a joint venture between Catalina Development Co., The Pollin Group and Sightway Capital, HFF Senior Director Chris McColpin and Managing Director Josh Simon secured the five-year floating-rate loan through a specialty finance company. Loan proceeds replaced the existing construction financing that HFF arranged in 2015.

The Forum Fitzsimons at 13650 East Colfax Avenue is adjacent to the 578-acre Anschutz Medical Campus and Fitzsimons Life Science District and across from the Regional Transportation District Colfax light rail station. The four-story, wrap-style property includes 397 apartment units and 28,640 square feet of ground-floor retail space.