JLL Secures $165M Refinancing for Genesis Science Center in San Diego
SAN DIEGO — JLL Capital Markets has arranged a $165 million refinancing for Genesis Science Center, a life sciences R&D campus located at 5510, 5550, 5580 and 5590 Morehouse Drive in San Diego.
The four-building property features 252,000 square feet of space. The fully occupied asset offers a variety of amenities, including an outdoor eatery, fitness center and a conference center that can accommodate at least 100 people.
Tim Wright, Todd Sugimoto and Daniel Pinkus of JLL Capital Markets arranged the three-year loan for the borrowers, Phase 3 Real Estate Partners and Bain Capital Real Estate, through a national bank.