Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Greatland Realty Partners, Rockwood Capital Secure $150M for Life-Science Campus in Weston
Newmark has arranged financing on behalf of Boston, MA-based Greatland Realty Partners and Rockwood Capital, LLC, for Riverside Labs, a life-science and innovation campus under development in Weston, MA.
David Douvadjian, Sr., Timothy O’Donnell, Brian Butler, David Douvadjian, Jr. and Conor Reenstierna of Newmark represented the borrower and procured the lender, Royal Bank of Canada. Harrison Zucco of Newmark provided financial analysis support.
The financing is part of a total commitment of up to $150 million in financing from Royal Bank of Canada for the project.
Riverside Labs will total 340,000 rentable square feet within three buildings and include full-service amenities as well as a mix of parking options. The campus’ first building will be ready for tenants in mid-2023. Riverside Labs is 15 miles from Boston and Cambridge at the junction of interstates 90 and 95 and sits near the MBTA Green Line’s Riverside station and the MBTA commuter rail’s Auburndale station.
- ◦Development
