$15.6 Million Non-Performing Orlando Office Loan
US - Orlando, FL
$15,602,000 | 141,125 sf
Asset description
Jones Lang LaSalle Americas, Inc. (“JLL”) has been engaged, as exclusive marketing advisor, to extend to qualified investors the opportunity to acquire the fee simple interest or invest as a joint venture equity partner with WS Management (the “Sponsor”) in the construction of 2900 Harbor Bay Parkway (the “Project”), a 5.5 acre land site in Alameda, CA. Currently entitled as a 172-key hotel, restaurant and cafe, preliminary conversations with the City indicate that 2900 Harbor Bay Parkway can be re-entitled to Life Sciences or cGMP with a 2-3 month path to entitlements.
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Attributes
Building area Net
120,000 sf
Media
Investment highlights
- One of the last remaining prime Life Sciences development sites in the East Bay
- Strong Bay Area Life Sciences fundamentals including 10% Y-o-Y rent growth and 2.5% vacancy
- Access to top research universities and highly educated labor pool
- Business-friendly city including expedited permitting process, lower taxes & power provided by city-owned utility
- Bay Area Life Sciences tenant demand outpacing limited availabilities
- Unobstructed views of the bay and Downtown San Francisco
- Tenant requirements for purpose-built lab space driving demand for new development
- Multimodal access to transportation - namely the Oakland International Airport and adjacent Harbor Bay Ferry Terminal
Contact brokers
2900 Harbor Bay Parkway (0 Properties)
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Last updated
Nov 30, 2022
