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3600 Breakthrough Loop

Tarlton Properties Secures $105M Construction Loan For Life Science Office Development In Austin
FINANCEDDevelopment Site

Tarlton Properties Secures $105M Construction Loan For Life Science Office Development In Austin

3600 Breakthrough Loop

$105,000,000

Building Size

Asset Type

Development Site

Closing

Sep 4, 2025

AI

A construction loan of $105,000,000 was secured by Tarlton Properties for a development site located at 3600 Breakthrough Loop in the Austin market. The asset is a build-to-suit life science office with a total square footage of 223,500, fully preleased to BillionToOne. This facility is part of the EastVillage ATX development and is anticipated to accommodate over 1,000 employees upon completion in late 2026.

Summary of transaction details:

The transaction involves notable individuals including brokers Bob Ybarra, Jim Korinek, Doug Birrell, Zack Holderman, and Jesse Greshin from CBRE, who played a key role in arranging the financing for Tarlton Properties. This deal reflects the collaboration between Tarlton Properties and CBRE in bringing the life science office project in Austin to fruition.

Players

Jesse Greshin

CBRE

Broker

$268.1M

vol

9 deals

Broker
CBRE
CBREBrokerage

Manor Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93