Alta West Partners closed $49.8M Forbright Bank bridge loan on Thousand Oaks R&D campus
Leasing and capital improvements at the fully leased campus lifted net operating income more than 170 percent, JLL said.
At a glance
Alta West Partners has closed a three-year, floating-rate $49.8 million bridge loan from Forbright Bank on the Lakeview Innovation Center, a fully leased R&D and office campus in Thousand Oaks, Calif.
The 275,000-square-foot Class A asset sits on 22 acres in Ventura County and includes lab space alongside office and R&D space, dock-high loading and 20,000 amps of electrical capacity.
Alta West acquired the campus in September 2024 and, through leasing and capital improvements, generated more than 170 percent growth in net operating income, JLL said.
Alta West Partners has closed a three-year, floating-rate $49.8 million bridge loan from Forbright Bank on the Lakeview Innovation Center, a fully leased R&D and office campus in Thousand Oaks, Calif. JLL Capital Markets announced the financing Tuesday after representing the sponsor.
The 275,000-square-foot Class A asset sits on 22 acres in Ventura County and includes lab space alongside office and R&D space, dock-high loading and 20,000 amps of electrical capacity. Tenants include semiconductor company Marvell, Laboratory Corporation of America, Rawlings Sporting Goods and Anchor Loans, according to Commercial Observer.
Alta West acquired the campus in September 2024 and, through leasing and capital improvements, generated more than 170 percent growth in net operating income, JLL said.
The JLL team on the deal included Jeff Sause, Marc Schillinger, Josh Blank, Alex Olson, Jalynn Borders and Danny Ryan.
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