PHILADELPHIA – Stradley Ronon Stevens & Young represented Radnor Property Group, LLC in its financing of a 308,000 square-foot mixed-use development in the University City section of Philadelphia. The project, valued at more than $100 million, includes a 25-story residential tower, ground-floor retail space, office building, day care and gathering space for the Episcopal Cathedral.
The transaction includes several levels of equity investment, debt financing and New Markets Tax Credit financing. Stradley Ronon Partner Linda Ann Galante led the transaction team.
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Counseling clients since 1926, Stradley Ronon has helped private and public companies – from small businesses to Fortune 500 corporations – achieve their goals. With seven offices and more than 200 attorneys located throughout the mid-Atlantic region, Stradley Ronon is the only eastern Pennsylvania member of Meritas, the world’s largest affiliation of independent commercial law firms.