13 Riverside Rd
Update
10/18/22
$150 Million in Financing Secured for Labs at Riverside Labs
Newmark announces the arrangement of financing for Riverside Labs, a life science and innovation campus that is under development in Weston, Massachusetts. Newmark Executive Managing Directors David Douvadjian, Sr. and Timothy O’Donnell, Senior Managing Director Brian Butler, Managing Director David Douvadjian, Jr. and Associate Conor Reenstierna of the firm’s Boston Debt & Structured Finance group, led by Co-Head of U.S. Capital Markets Robert Griffin, represented the borrower, Greatland Realty Partners and Rockwood Capital, LLC, and procured the lender, Royal Bank of Canada. The financing is part of a total commitment of up to $150 million in financing from Royal Bank of Canada for the project.
Totaling approximately rentable square feet, Riverside Labs will comprise three buildings known as 9, 15 and 20 Riverside and include full-service amenities as well as a mix of covered, surface and garage parking. The campus’ first building will be ready for tenant occupancy in summer 2023.
“Riverside Labs has experienced exceptional leasing demand in recent months,” said O’Donnell. “This activity is a testament to its premier sponsorship, transformative vision for a modern life science campus and unrivaled access and visibility in a burgeoning laboratory cluster.”
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