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Victor Khosla Of Strategic Value Partners Acquires $265 Million Construction Loan From George Gleason Of Bank OZK

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SOLD

California

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Note / Loan500,000 SF
Sold 01/07/2026
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SOLD

Victor Khosla Of Strategic Value Partners Acquires $265 Million Construction Loan From George Gleason Of Bank OZK

9955 Pacific Heights Boulevard

See Similar Deals
Note / Loan500,000 SF
Sold 01/07/2026
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Summary

CALIFORNIA
Asset Type:Note / Loan
Price Per Square Foot:$0
Total Square Footage:500,000 SF
Transaction Type:Sale

The asset involved in this transaction is a 500,000-square-foot life sciences campus located at 9955 Pacific Heights Boulevard in San Diego. It is a note/loan type property, facilitating a significant financial arrangement as part of the transaction process.

Summary of transaction details:

  • Property Type: Note / Loan
  • Transaction Amount: Not disclosed
  • Address: 9955 Pacific Heights Boulevard
  • Market: San Diego
  • Seller: George Gleason - Bank OZK
  • Buyer: Victor Khosla - Strategic Value Partners
  • Asset Size: 500,000 square feet
  • Previous Loan: $265 million construction loan

This transaction highlights the involvement of Bank OZK, which sold the loan for the Pacific Center, developed by Sterling Bay and Harrison Street Real Estate. The property is currently facing high vacancy, with multiple suites available for immediate occupancy amidst a slowdown in life sciences demand.

Players

BUYER

Details

SOLD
IMAGE: Victor Khosla & George Gleason DATE: 01/07/2026 ADDRESS: 9955 Pacific Heights Boulevard MARKET: San Diego ASSET TYPE: Note / Loan ~ SF: 500,000 BUYER: Victor Khosla - Strategic Value Partners SELLER: George Gleason - Bank OZK (@BankOZK) NOTE: Bank OZK sold a $265 million construction loan for Pacific Center, a mostly vacant 500,000-square-foot life sciences campus in San Diego, to Strategic Value Partners, though the exact sale price was not disclosed. The property, developed by Sterling Bay and Harrison Street Real Estate, faces high vacancy amid a slowdown in life sciences demand, with several 37,000-square-foot suites available for immediate occupancy.

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