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California  + Bay Area  + Finance  | 

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.

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JLL's Hanson

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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