Lane Partners and Goldman Sachs have secured $373M in financing for the construction of the first phase of Southline, a 3M SF mixed-use life science campus the company is developing in South San Francisco.
Square Mile Capital Management originated the recapitalization package for the first phase, encompassing 715K SF, with Bank OZK providing the senior portion of the loan in a transaction arranged by Eastdil Secured.
In announcing the recapitalization of Southline Phase I, the partners also disclosed that Beacon Capital Partners has joined the ownership group for the initial phase of the transit-oriented development.
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