Radnor Property Group Continues Expansion in University City
Stradley represented affiliates of
Radnor Property Group in connection with the development of a parcel at Drexel University. The project is comprised of a 16-story mixed-use tower including a 180-person early learning childcare center and 164 market rate apartments. Our team represented the client in all phases of this transaction, including a long-term ground lease with Drexel University, a sublease with a child care operator, and debt and equity structuring and negotiation.
Stradley also represented Radnor recently 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.