Gattuso Development Partners Secures $290 Million Construction Loan for University City Project

Stradley Ronon represented Gattuso Development Partners and its partners with a $290 million construction loan for an 11-story mixed-use development in University City. 45% of the development has been pre-leased to SmartLabs and Drexel University. Once completed, the project is expected to be Philadelphia’s largest life sciences project featuring 520,000 SF of lab and 12,000 SF of retail space.
Philadelphia Business Journal named this project the “2022 Deal of the Year.” Read the article here (with subscription) and learn about Stradley Ronon’s involvement with this marquee project. 

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