JLL arranges $237.7 million financing for King Street’s Pathway Triangle manufacturing campus in North Carolina

By Public Technologies
  • JLL Capital Markets arranged USD 237.7 million financing for Phase I of King Street Properties’ Pathway Triangle campus in Morrisville, North Carolina.
  • Starwood Property Trust provided the loan for four buildings totaling 581,789 square feet of cGMP and advanced manufacturing space.
  • Two completed buildings are 73% leased; Novartis fully leases one building, Liquidia partially leases another for drug manufacturing.
  • Construction started in Q3 2026 on two additional Phase I buildings; one is fully pre-leased to Novartis.
  • Planned Phase II would lift the campus to more than 950,000 square feet of Class A advanced manufacturing space.


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