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California  + Bay Area  + Healthcare  | 
CBRE's Mike Walker and Brad Zampa arranged financing for the development of a life sciences campus in Belmont, CA

Four Corners Gears Up to Develop Bay Area Life Sciences Campus 

CBRE arranged $75 million in financing for the acquisition and redevelopment of Shoreway Innovation Center along the 101 Corridor in Belmont. The borrower, Bay Area investment and operating company Four Corners Properties, will redevelop the seven-acre property into a new life sciences campus. 

Mike Walker and Brad Zampa with CBRE Capital Markets’ Debt & Structured Finance group arranged and secured a three-year, non-resource, floating rate loan with two extension options through a private equity firm.  

Four Corners will use the financing to fund part of the predevelopment costs for 1301 Shoreway Rd., acquired last December for $90.25 million. The redevelopment will yield two Class A life science buildings totaling 500,000-600,000 square feet.  

“The state-of-the-art life sciences campus Four Corners is planning will meet a critical need in the market for high quality facilities as we continue to see low vacancies and high rents on the San Francisco Peninsula,” said Walker. 

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CBRE's Walker

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).

  • ◦Development
  • ◦Financing