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SEBASTAPOL, CALIF. — Lucent Capital has arranged a $23.5-million construction loan for The Barlow, a 216,000-square-foot, adaptive-reuse project in Sebastapol. The loan has an initial two-year term with an option to extend. Highway Partners, LLC plans to begin construction on The Barlow in December. The first phase includes the renovation of a 121,000-square-foot industrial park and farmer's cooperative. The second phase will include 95,000 square feet of new development. The project should be completed in summer 2012. It is 78 percent pre-leased and will be anchored by Kosta Browne Winery.