10/08/2015
Citizens Bank provides $56 million term loan to Stream Realty Partners
Funds used to acquire AT&T Plaza building in Charlotte, N.C.
CHARLOTTE, N.C. – Citizens Bank announced today that it has provided a $56 million term loan to Dallas-based Stream Realty Partners for the purchase of AT&T Plaza in Charlotte, N.C.
Located at 300 S. Brevard Street, the 355,100-square-foot AT&T Plaza building was listed for sale earlier this year after AT&T announced it was vacating the building.
Stream Realty Partners, a national company, manages or leases more than 111 million square feet of commercial space. The company bought the AT&T Plaza building from a partnership between previous owners Childress Klein Properties and Norfolk Southern Railroad.
“We’ve worked with Citizens Bank before and we continue to be impressed by how quickly and effectively the Citizens Commercial Real Estate Finance team is able to complete transactions,” said Daniel Farrar, Managing Partner of Stream Realty. “We look forward to working more with Citizens in the future.”
“Stream Realty is a great client and we’re excited to be able to help them achieve their strategic and financial goals,” said Gary Magnuson, Head of Commercial Real Estate Finance at Citizens.
For more information about Citizens term loans or real estate financing, go to the Citizens Commercial Banking website.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $137.3 billion in assets as of June 30, 2015. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle‐market companies, large corporations and institutions. In Consumer Banking, Citizens helps its retail customers “bank better” with mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,200 Citizens Bank branches in 11 states in the New England, Mid‐Atlantic and Midwest regions. Citizens also provides mortgage lending, auto lending, student lending and commercial banking services in select markets nationwide. In Commercial Banking, Citizens offers corporate, institutional and not‐for‐profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance.
Citizens operates through its subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania. Additional information about Citizens and its full line of products and services can be found at www.citizensbank.com.
