Financing has been secured for a collection of seven office properties within three campus settings in North County.
The lender, Värde Partners, an alternative investor based in Minnesota, provided a $91 million, floating-rate loan with a four-year term.
CBRE arranged the financing of the Brookwood North San Diego Portfolio on behalf of Brookwood Financial Partners, out of Massachusetts. CBRE’s Capital Markets team, Amy Julian, Christian Lee and José Lobón, handled the deal.
The portfolio totals approximately 485,000 square-feet and features contemporary architecture, flexible floor plates, extensive landscaping and numerous on-site amenities.
Since acquiring the assets in 2015, Brookwood has invested more than $10 million in capital improvements on the properties, which include Carlsbad and San Marcos sites.
“The project’s amenity-rich campus settings, with exceptional access to freeways and executive housing, has contributed to strong leasing momentum across the portfolio,” Julian said.