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Transaction Announcement

ANNOUNCEMENT OF SUCCESSFUL TAX CREDIT AWARD AND SYNDICATION

Needham, Massachusetts, June 4, 2010

Warren Kirshenbaum is pleased to announce his successful representation of a Massachusetts Developer for whom he secured a large tax credit award of 2010 Massachusetts Brownfields Tax Credits (the "Tax Credits") and then facilitated and closed on the sale of the Tax Credits by his client to a Buyer.

Brownfields Tax Credits are issued by the Commonwealth of Massachusetts to developers who have successfully remediated environmentally contaminated sites. The tax credits are issued as a percentage of the developer's costs incurred in the environmental cleanup of the site. We congratulate our client for its successful remediation and development of this environmentally damaged site.

If you have any questions about commercial real estate, development financing, or tax credit transactions, please feel free to contact Warren directly at 781-239-8900 or wkirshenbaum@oarlawyers.com.

Posted Wednesday Jun 02