Bank of New England Loan Transaction for Cold Storage Facility

Pierce Atwood acted as lead lender’s counsel to Bank of New England in connection with a $30.9 million loan transaction for the construction a 107,000-square-foot cold storage facility at 40 West Commercial Street in Portland, Maine. We also provided construction and zoning advice.

This important city project – Maine’s first modern cold storage facility – will help serve Maine’s growing food, beverage, and biopharmaceutical industries.