$237.7M loan secured for advanced manufacturing campus in nation's No. 2 biomanufacturing market
United States, Oct. 12 -- JLL Capital Markets announced today it has arranged $237.7 million in financing for Phase I of Pathway Triangle, which includes four buildings and 581,789-square-feet on the advanced manufacturing and cGMP campus located on McCrimmon Parkway in Morrisville, North Carolina.JLL worked on behalf of the borrower, King Street Properties, to secure a loan through Starwood Property Trust.Phase I of Pathway Triangle includes four buildings featuring state-of-the-art specifications flexibly designed for cGMP and advanced manufacturing uses. Two buildings totaling 377,111 square feet have been completed and are 73% leased. Building 1 (175,222 SF) is partially leased to Liquidia Pharmaceuticals for the manufacturing of YUTREP...
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