Pennrose Secures $171M for NJ Arts Center

The funds ensure the firm’s continued public-private partnership development of the 450,000-square-foot New Brunswick Performing Arts Center, which will feature mixed-income apartments, office space, and two theater venues.

The New Brunswick Performing Arts Center is nearing completion in downtown New Brunswick, N.J., now that Pennrose LLC has completed the financing for the $171 million mixed-use project, which the company is developing in a public-private partnership.

“This will be an iconic development for New Brunswick and New Jersey adding a rich cultural center to an already established hub for the performing arts,” Richard Barnhart, chairman & CEO of Pennrose LLC, said in a prepared statement…

Pennrose Secures $171M for NJ Arts Center

Categories : Finance

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