Citizens Provides Nearly $134M Loan to Longfellow Real Estate Partners
The funds from will finance the acquisition of a two building lab project in Emeryville, CA.
EMERYVILLE, CA—Citizens recently revealed that its 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.
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’s growing life science hub.
“Citizens’ Commercial Real Estate bankers are trusted advisers who are solutions-oriented and provide excellent client support,” says Joe Van Saun, partner, Longfellow Real Estate Partners, in a prepared statement. “The Citizens team has deep knowledge of the commercial real estate landscape and was able to execute a complex transaction seamlessly.”
Citizens is a trusted strategic and financial partner, consistently delivering clear and objective advice. The Citizens approach puts clients first by offering great ideas combined with thorough market knowledge and excellent execution to help our clients enhance their business and reach their potential.