{"id":1004193796,"date":"2017-10-13T06:24:38","date_gmt":"2017-10-13T14:24:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004193796"},"modified":"2022-12-08T07:54:27","modified_gmt":"2022-12-08T15:54:27","slug":"177-ksf-san-diego-office-asset-lands-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/177-ksf-san-diego-office-asset-lands-refi\/","title":{"rendered":"177 KSF San Diego Office Asset Lands Refi"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004193800\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Make-Carlsbad-Calif..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004193800\" data-attachment-id=\"1004193800\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/177-ksf-san-diego-office-asset-lands-refi\/make-carlsbad-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Make-Carlsbad-Calif..jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Make Carlsbad, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Make in Carlsbad, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Make-Carlsbad-Calif..jpg?w=640\" class=\"wp-image-1004193800 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Make-Carlsbad-Calif..jpg\" alt=\"Make in Carlsbad, Calif.\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Make-Carlsbad-Calif..jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Make-Carlsbad-Calif..jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004193800\" class=\"wp-caption-text\">Make in Carlsbad, Calif.<\/p><\/div>\n<p>PCCP provided a $41.2 million senior loan for the refinance and lease-up of Make, a 177,000-square-foot Class A office asset in Carlsbad, Calif. Mark McGovern and Scott Peterson of CBRE arranged the financing.<\/p>\n<p>Located at 5600 Avenida Encinas, the building sits on 12.7 acres, one mile from Interstate 5 and less than five miles from McClellan-Palomar Airport. The asset offers convenient access to multiple bus stations, restaurants and hotels, including BJ\u2019s Restaurant &amp; Brewhouse, Hilton Garden Inn Carlsbad Beach and Grand Pacific Palisades Resort &amp; Hotel. Constructed in 1960 as a warehouse, the property was converted to office by Cruzan in 2015. Tenants at Make include GoPro, GoDaddy and Verve Wireless. The asset features a fitness center, bicycle share program and 700 parking spaces.<\/p>\n<p>The loan will be used to complete minor capital improvements and divide some space into small suites.<\/p>\n<p>Earlier this month, PCCP and TriStar Properties began construction on their fifth speculative industrial project located within <a href=\"https:\/\/www.commercialsearch.com\/news\/pccp-tristar-to-develop-600ksf-industrial-facility\/\">Gateway Commerce Center<\/a> in Edwardsville, Ill.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Working on behalf of Cruzan, CBRE secured a $41.2 million senior loan for the refinance and lease-up of creative office asset Make in Carlsbad, Calif. <\/p>\n","protected":false},"author":753,"featured_media":1004193800,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742,21747,1608,15],"tags":[32789,33053,36177],"class_list":["post-1004193796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest","category-office","category-san-diego","category-west","tag-cbre","tag-pccp-llc","tag-scott-peterson"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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