A New Philadelphia Apartment Building Lands $312 Million Refinancing
- Societe Generale, Rockwood Capital refinanced Piazza Alta debt
- Post Brothers has leased 695 apartment units in building
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Real estate developer Post Brothers landed a $312 million refinancing for a major apartment building in Philadelphia.
Societe Generale SA and Rockwood Capital financed the new loan for the first phase of Piazza Alta, a residential building with 695 apartments, Post Brothers said in a statement Friday. The building has fully leased those units, and 37,000 square feet (3,400 square meters) of retail space, within 15 months after its opening, the company said.