{"id":1004770575,"date":"2025-09-04T01:54:04","date_gmt":"2025-09-04T09:54:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004770575"},"modified":"2025-09-04T06:02:26","modified_gmt":"2025-09-04T14:02:26","slug":"tarlton-lands-105m-for-life-science-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tarlton-lands-105m-for-life-science-project\/","title":{"rendered":"Tarlton Lands $105M for Life Science Project"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2d55bb36190&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"576\" height=\"432\" data-attachment-id=\"1004770577\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tarlton-lands-105m-for-life-science-project\/3600-breakthrough-loop\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/3600-Breakthrough-Loop.jpg\" data-orig-size=\"576,432\" 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;1728057254&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=\"3600 Breakthrough Loop\" data-image-description=\"&lt;p&gt;https:\/\/wolfmediausa.com\/2025\/09\/03\/news-release-cbre-arranges-75-million-note-on-note-financing-to-support-first-lien-construction-financing-for-a-223500-sf-laboratory-building-in-austin-texas\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 223,500-square-foot building is set to come online by the end of next year. Image courtesy  of CBRE&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/3600-Breakthrough-Loop.jpg?w=576\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/3600-Breakthrough-Loop.jpg\" alt=\"Exterior rendering of 3600 Breakthrough Loop, a life science project in Austin, Texas.\" class=\"wp-image-1004770577\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/3600-Breakthrough-Loop.jpg 576w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/3600-Breakthrough-Loop.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 576px) 100vw, 576px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The 223,500-square-foot building is set to come online by the end of next year. <em>Image courtesy of CBRE<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Tarlton Properties has obtained a $105 million first lien construction loan for 3600 Breakthrough Loop, a 223,500-square-foot, build-to-suit life science office project in Austin, Texas. CBRE secured $75 million note-on-note financing with a West Coast regional bank to facilitate it through a debt-fund lender.<\/p>\n\n\n\n<p>BillionToOne has already fully preleased the Class A facility. This will be the molecular diagnostics company\u2019s fourth collaboration with Tarlton Properties and its first space outside of the San Francisco Bay Area.<\/p>\n\n\n\n<p>The facility broke ground last September, with BTO set to move in by the end of next year. White Construction is the general contractor, while STG Design handles the architecture efforts.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/are-cap-rates-starting-to-compress\/\">Are Cap Rates Starting to Compress?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The building will house more than 1,000 employees, including automation engineers, clinical laboratory scientists and laboratory technicians. The company will use the space to process DNA tests for research and development purposes.<\/p>\n\n\n\n<p>The project is rising at 3600 Breakthrough Loop, some 5 miles from Interstate 35 and 13 miles from downtown Austin. The city\u2019s international airport is roughly 16 miles away.<\/p>\n\n\n\n<p>The building is part of the 425-acre EastVillage ATX mixed-use development. The project will total 1.5 million square feet of health and life sciences space, 350,000 square feet of retail, restaurants, hotels and entertainment, as well as 2,500 residential units and 450 single-family homes.<\/p>\n\n\n\n<p>CBRE Executive Vice Presidents Bob Ybarra, Jim Korinek and Doug Birrell, as well as Senior Vice President Zack Holderman and Vice President Jesse Greshin arranged the financing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-austin-s-office-pipeline-ranks-high\">Austin\u2019s office pipeline ranks high<\/h2>\n\n\n\n<p>Austin\u2019s office development pipeline as of July clocked in at 2.6 million square feet, representing 2.7 percent of its total stock, considerably above the 0.6 percent national average, according to the latest <a href=\"https:\/\/www.commercialsearch.com\/news\/office-report-discounted-sales-multiply-pressures-persist\/\">Yardi Matrix office report<\/a>. When also taking into account projects in planning stages, the metro\u2019s share reached 6.1 percent, leading nationally.<\/p>\n\n\n\n<p>Lincoln Property Co. and Kairoi Residential are working on the tallest building in Texas. Dubbed Waterline, the 2.7 million-square-foot project <a href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-kairoi-top-out-texas-tallest-tower\/\">recently topped out<\/a> and is slated for delivery in 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A molecular diagnostics company fully preleased the property in Austin.<\/p>\n","protected":false},"author":3355,"featured_media":1004770577,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21782,21825,21742,21747,51973],"tags":[32789,39618],"class_list":["post-1004770575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-development","category-finance","category-latest","category-office","category-southwest","tag-cbre","tag-zack-holderman"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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