Spec office building in Burlingame secures $33.8 million construction loan

JLL Capital Markets has secured $33.8 million in construction financing for the development of a speculative office building in Burlingame.

Called 250 California, the 44,605-sq.-ft. project will feature four stories of office space, ground-floor retail space and a three-level subterranean parking facility.

The transit-oriented property is situated in downtown Burlingame immediately adjacent to the Burlingame Caltrain station, near Highway 101 and state routes 82 and 92.

The building is slated for completion in 2022.