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August 16, 2022
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San Diego Life Sciences Campus Lands $165 Mil Refi Loan

8/01/22

Genesis Science Center, a four-building, life sciences R&D campus totaling 252k sf owned by Phase 3 Real Estate Partners Inc and Bain Capital Real Estate in San Diego, was refinanced with a new loan for $165 mil. The three-year loan was arranged by Tim Wright, Todd Sugimoto and Daniel Pinkus with JLL Capital Markets and funded through a national bank.

Genesis Science Center is positioned on 13 acres at 5510, 5550, 5580 and 5590 Morehouse Dr in the heart of the Sorrento Mesa biotech cluster. The fully leased campus is home to a variety of emerging and established life sciences and biotech firms and offers tenants a full amenity package, including an expansive outdoor eatery, fitness center and a conference center that can accommodate 100-plus people.




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