September 22, 2025 - 20:43
BOSTON— Cottonwood Group, a private equity real estate investment firm, has secured a $105 million senior construction loan to facilitate the construction of a 223,500-square-foot life sciences facility in the EastVillage area of Northeast Austin. This substantial investment aims to bolster the growing life sciences sector in the region, which has seen increased demand for advanced research and development spaces.
The new facility is expected to accommodate various biotech and pharmaceutical companies, fostering innovation and collaboration within the life sciences community. With its strategic location, the development is poised to attract tenants looking for state-of-the-art lab and office spaces designed to meet the evolving needs of the industry.
This construction loan underscores Cottonwood Group's commitment to supporting the growth of essential sectors in emerging markets. As the life sciences industry continues to thrive, this project is anticipated to contribute significantly to the local economy and create numerous job opportunities in the Austin area.
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