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2855 Gazelle Court
FINANCED

Oxford Properties Secures $136M Construction Loan For Life Sciences Campus In Carlsbad

2855 Gazelle Court

Life Sciences
255,600 SF
clock iconFinanced 147 days ago
Adam Spengler
Thomas (Tom) Traynor
James Millon
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Summary

Loan
CALIFORNIA
Life Sciences
255,600 sqft

Oxford Properties has secured a $136 million construction loan for a build-to-suit development at the Ionis Pharmaceuticals campus in Carlsbad, California. The loan was provided by Otera Capital and arranged by CBRE. The development is part of Oxford's expanding West Coast life sciences portfolio, which now encompasses 900,000 square feet in San Diego.

Summary of transaction details

  • Property Type: Life Sciences
  • Loan Amount: $136,000,000
  • Address: 2855 Gazelle Court
  • Market: Carlsbad
  • Square Footage: 255,600
  • Acres: 18

The loan was provided by Otera Capital, with Rana Ghorayeb representing the lender. CBRE, with brokers Adam Spengler, James Millon, and Thomas Traynor, facilitated the transaction on behalf of Oxford Properties, with Daniel Fournier acting as the landlord. This financing deal further underscores Oxford's commitment to the life sciences sector on the West Coast.

Players

  • All

    5

  • Agents

    3

  • Agencies

    1

  • Lenders

    1

Adam Spengler's profile picture
Adam Spengler
CBRE-image
Vice President
Thomas (Tom) Traynor's profile picture
Thomas (Tom) Traynor
CBRE-image
Vice Chairman
$1.3B Sold
James Millon's profile picture
James Millon
CBRE-image
Vice Chairman
$1.6B Sold
CBRE's profile picture
CBRE
CBRE
Otera Capital's profile picture
Otera Capital
Otera Capital

Details

Deal Summary
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FINANCED
IMAGE: Thomas Traynor, Adam Spengler, Rana Ghorayeb, Daniel Fournier & James Millon DATE: 12/07/2023 ADDRESS: 2855 Gazelle Court MARKET: Carlsbad ASSET TYPE: Life Sciences ~ SF: 255,600 ~ ACRES: 18 LENDER: Otera Capital - Rana Ghorayeb (@RanaGhorayeb) LANDLORD: Oxford Properties (@OxfordPropGroup) - Daniel Fournier BROKERS: Adam Spengler, James Millon & Thomas Traynor - CBRE (@CBRE) LOAN AMOUNT: $136,000,000 LOAN TYPE: Construction Loan NOTE: Oxford Properties has secured $136 million in construction financing for a build-to-suit development at the Ionis Pharmaceuticals campus in Carlsbad, California. The deal, arranged by CBRE and financed by Otera Capital, adds to Oxford's growing West Coast life sciences portfolio, now totaling 900,000 square feet in San Diego.

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Address2855 Gazelle Court

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