California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
JLL Arranges Loan for Berkeley R&D/Advanced Manufacturing Facility
JLL Capital Markets arranged $15.645 million in financing for 2630 8th St. in Berkeley. A team led by senior director Erik Hanson and director Ethan Habecker worked on behalf of the borrower, Cobalt Investment Partners, and arranged the loan from Berkeley Partners.
The property is centrally located in West Berkeley’s industrial district, positioned off I-80/I-580. The project plan is to redevelop the vacant building into high-end R&D/advanced manufacturing space, which is in short supply in this market.
The property benefits from well-developed transportation networks in the area, including highways, ports and airports, according to JLL. Proximity to the Port of Oakland, one of the largest ports on the West Coast, further provides manufacturers with efficient access to international markets and supply chains.
- ◦Financing


