Citizens Bank announced today that Citizens Commercial Banking has provided a $30 million loan to a partnership between Chicago-based HEARN company and Boston-based CrossHarbor Capital Partners, LLC, for the financing of 10 West Broad Street in downtown Columbus. The loan includes funds necessary for future capital projects and leasing costs. Citizens is the sole lender.

The property is a 25-story, 407,472 square-foot Class A office tower with enclosed access to a covered parking garage and several amenities including a fitness center and conference facilities for tenants.

CrossHarbor is a real estate investment management firm founded in 1993, which has invested more than $12 billion in commercial real estate.

“We greatly value our partnership with Citizens Bank and appreciate the Commercial Real Estate team’s excellent ideas and seamless deal execution,” said Patrick O’Sullivan, chief financial officer of CrossHarbor Capital Partners. “This is our second partnership with Citizens and we look forward to continuing to work with the team in the future.”

“Capex financing is just one of the ways that the Commercial Real Estate team is helping clients such as CrossHarbor Capital Partners,” said Gary Magnuson, head of Commercial Real Estate for Citizens Bank. “This deal highlights Citizens’ strong commitment to Ohio and to helping Commercial clients reach their potential.”

Citizens is a trusted strategic and financial advisor, consistently delivering clear and objective advice. The Citizens Commercial Banking approach puts clients first by offering great ideas combined with thorough market knowledge and excellent execution to help our clients enhance their business and reach their potential.