Brownfields Tax Credit Transaction Closing Announcement


Needham, Massachusetts, March 16, 2009

I am pleased to announce the successful sale by my clients, Station Place, LLC and Myrtle Square, LLC, of 2008 Massachusetts Brownfields Tax Credits to a Fortune 100 international insurance conglomerate.

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 clients, Station Place, LLC, and Myrtle Square, LLC, for their successful remediation and development of these environmentally damaged sites.

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

Orsi Arone Rothenberg Iannuzzi & Turner, LLP •160 Gould Street, Suite 320, Needham, MA 02494-2300 • http://www.oarlawyers.com.

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