Cozen, Difede Guide National Real Estate's $141M Philly Loan

Law360, Los Angeles (May 4, 2015, 6:12 PM EDT) -- National Real Estate Development LLC has received $141 million in financing from insurance and investment firm Ullico Inc. for a mixed-use development project in Philadelphia, a deal Cozen O’Connor and Difede Ramsdell Bender PLLC worked on as counsel to National Real Estate.

A rendering shows Philadelphia's planned East Market project in Center City. (Credit: BLT Architects) National Real Estate said in its announcement Monday that the funding will allow the firm within just weeks to begin construction on a downtown Philadelphia retail, dining and apartment tower at 1100 Market St.

That project is part of the larger East Market development, which takes...

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