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:

• Property Type: Development Site
• Transaction Amount: $105,000,000
• Loan Type: Construction
• Landlord: Tarlton Properties
• Brokers: Bob Ybarra, Jim Korinek, Doug Birrell, Zack Holderman & Jesse Greshin - CBRE
• Included Financing: $75,000,000 note-on-note financing arranged by CBRE

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.