Trammell Crow Secures $141.5M Equity Loan For South San Francisco Life Science Campus

The development site located at 120 East Grand Avenue & 180 Sylvester Road in South San Francisco is a 3.5-acre property with a building square footage of 750,000. The loan amount secured for this project is $141,500,000 and the loan type is equity. The lender involved in this transaction is Alaska Permanent Fund, and the landlord is Danny Queenan from Trammell Crow.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $141,500,000
• Address: 120 East Grand Avenue & 180 Sylvester Road
• Market: South San Francisco
• Asset Type: Development Site
• Buildable Square Feet: 750,000
• Acres: 3.5
• Lender: Alaska Permanent Fund
• Landlord: Danny Queenan - Trammell Crow

Trammell Crow successfully secured a significant $141.5 million investment from the Alaska Permanent Fund for the development of a life science research campus in South San Francisco. The project will include office towers, amenities, and parking facilities. Noteworthy to mention, despite rising vacancies, the construction is scheduled to commence in the latter half of the year without any confirmed tenants at present.