Market Overview

HFF Announces $149M Refinancing of Genesis Campus Point in San Diego


HFF announces the $149 million refinancing of Genesis Campus Point, a
three-building, state-of-the-art life science campus totaling 314,135
square feet in the UTC submarket of San Diego, California.

The HFF team worked on behalf of the borrower, Phase 3 Real Estate
Partners, Inc., to secure the 48-month floating-rate loan.

Genesis Campus Point is located at 4224 and 4242 Campus Point Court and
10210 Campus Point Drive in San Diego, which ranks as the third largest
biotech market in the country behind Boston and San Francisco. Situated
just east of Interstate 5 and directly south of its interchange with
Interstate 805, the property is positioned within the heart of the UTC
submarket, referred to as the "Golden Triangle", and is proximate to the
UCSD health system, Scripps medical campus, Westfield UTC Mall, Torrey
Pines Reserve and Golf Course and numerous dining and entertainment
venues. The property comprises three Class "A" life science buildings,
an underground parking facility and an amenity building that features a
fitness center with lap pool, yoga studio, spin studio and
showers/lockers; an on-site restaurant/bar and conference centers.
Tenants at the life science campus include Poseida Therapeutics, MabPlex
USA, Heron Therapeutics, Celgene, Tocagen, BioLabs San Diego LLC and
AveXis Inc.

The HFF debt placement team representing the borrower included senior
managing director Tim Wright, managing director Todd Sugimoto and senior
associate Olga Walsh.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the
California Bureau of Real Estate, License Number 01385740.

About Phase 3 Real Estate Partners, Inc.

Phase 3 Real Estate Partners, Inc. (P3RE) is a progressive real estate
company dedicated to fostering the growth of the life science community
by providing premiere, Class A environments that meet the needs of
companies today and in the future. P3RE's properties are located in the
epicenters of the life science markets in San Diego and San Francisco.
These are innovative urban centers for the life sciences and represent
two of the top three life science clusters in the world.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading
provider of commercial real estate and capital markets services to the
global commercial real estate industry. HFF, together with its
affiliates, offers clients a fully integrated capital markets platform,
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities
Limited are owned by HFF, Inc. (NYSE:HF). For more information, please
or follow HFF on Twitter @HFF.

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