Financing secured for Merck & Company's manufacturing campus at Delaware life sciences redevelopment
United States, May 8 -- JLL Capital Markets announced that it has arranged construction financing for the development of Merck & Company's 450,000-square-foot manufacturing and research facility at Chestnut Run Innovation and Science Park, a 163-acre campus containing 780,000 square feet of lab, research and advanced manufacturing space in Wilmington, Delaware.JLL worked on behalf of the borrower, MRA Group, to secure the loan through JLL Securities, LLC, after spending several months exploring different financing / equity options, which included a CTL (Credit Tenant Lease) financing execution, bank construction financing and joint venture partnerships. The Structured Finance Group, part of JLL Securities, LLC, ("JLL Securities") the firm's...
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