Citizens Provides $133.6MM Loan to Longfellow Real Estate Partners
SEP 14, 2022 - 7:36 am
Citizens’ commercial Real Estate Finance team provided a $133.6 million loan to Boston-based Longfellow Real Estate Partners for the development of a new 190,000 square-foot life science lab complex in Emeryville, CA. Citizens is sole lead arranger, sole bookrunner and administrative agent for the loan.
The funds are being used for the acquisition and conversion of industrial warehouse space into Atrium Labs, a two-building lab project located at 1650 65th St. and 6601-6603 Shellmound St. in Emeryville, CA’s growing life science hub.
“Citizens’ commercial real estate bankers are trusted advisers who are solutions-oriented and provide excellent client support,” Joe Van Saun, partner at Longfellow Real Estate Partners, said. “The Citizens team has deep knowledge of the commercial real estate landscape and was able to execute a complex transaction seamlessly.”
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