JLL’s October 20 financing release describes a fully leased R&D and office campus financed with a three-year floating-rate bridge. The approximately $181 per SF loan amount is derived from $49.75M divided by roughly 275,000 SF. Without a current valuation, this does not establish loan-to-value.
Current tenants are named: Marvell Semiconductor, Laboratory Corporation of America, Equinox Fitness, Rawlings Sporting Goods and Anchor Loans. The release does not identify every newly signed tenant or individual lease expiry.
The September 2024 sale release provides acquisition background, including the all-cash purchase. JLL describes a lease-up of about 24 months; the dates span approximately 25 calendar months.
A three-year floating-rate loan leaves interest-rate and repayment planning with the borrower. A sale or permanent refinancing are possible repayment routes, rather than the only routes. The sources do not disclose why this financing was selected or provide the detailed rollover and tenant-credit information needed for full underwriting.
Key Takeaways
- Lakeview’s occupancy rose from 50% at acquisition to 100%; the current tenant roster is disclosed.
- The $49.75M bridge is approximately $181 per SF, which is a loan measure rather than a property valuation.
- Floating-rate exposure and eventual repayment remain relevant, while loan spread and individual lease expirations are undisclosed.
JLL, October 20, 2026 — https://www.jll.com/en-us/newsroom/financing-arranged-for-lakeview-innovation-center — Reports $49.75M, three-year floating-rate Forbright Bank bridge for Alta West’s approximately 275,000-SF campus, now fully leased versus 50% at acquisition. Names Marvell Semiconductor, Laboratory Corporation of America, Equinox Fitness, Rawlings Sporting Goods and Anchor Loans. Describes about 24 months of lease-up. Newly signed tenants, individual expirations, index and spread are not disclosed. · JLL, September 17, 2024 — https://www.jll.com/en-us/newsroom/premier-conejo-valley-flex-campus-trades-hands — Acquisition background: all-cash purchase; price undisclosed. September 2024 to October 2026 spans roughly 25 calendar months. Derived loan per SF: $49.75M / 275,000 = approximately $181; no valuation or LTV inferred.
Never miss a Signal
Get the daily brief that busy CRE professionals rely on.