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:
- 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.
Players
Manor Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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