The Curtis, a former publishing company headquarters and printing plant in Philadelphia, seen in 2013
A $265M loan will fund continued adaptive reuse of a historic former publishing complex in Philadelphia’s Center City, a bid to build a bigger biotech ecosystem to meet the region’s growing demand for lab space at a time when financing is becoming more challenging.The loan from Nuveen will allow owner Keystone Development + Investment to continue its renovation of The Curtis, a 13-story brick building the firm purchased for $125M in 2014 with an aim to create a new mixed-use complex including space for biotech tenants. The firm refinanced the space in 2017.
Read the full article at: www.bisnow.com
