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Saudi Arabia-based Sidra Capital has acquired a 90% stake in Arborcrest Corporate Campus, a five-building, 855,600-square-foot suburban office campus in Philadelphia with a strong concentration of life science tenants. JLL Capital Markets, which facilitated the $225 million recapitalization, says the deal is a prime example of increased foreign investment, particularly from Middle Eastern capital, in US life science properties.

The transaction is also illustrative of a rebound in investment appetite from global investors in October and November, which CBRE describes in a new report. It says that investor inquires reached 90% of pre-pandemic levels by mid-October after bottoming to record lows in the second quarter.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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