Cla Capital Markets Secures $49.7 Million For Phase 2 Of City Foundry Stl
01/13/22, 7:57 AM
Location
st. louisMoney raised
$49.7 million
CLA (CliftonLarsonAllen LLP), one of the leading professional services firms in the U.S., has secured $49.7 million in joint venture equity funding for a ground-up, mixed-use development located in the Midtown neighborhood of St. Louis.
Company Info
Location
st. louis, missouri, united states
Additional Info
Since 2019, the firm has raised $350 million for Opportunity Zone projects. CLA played an instrumental role in the capital raise, and the firm also provided tax advisory and compliance services, financial model development support, consultations on structure, and guidance on Opportunity Zones, deploying its full suite of services. “With its proximity to major research universities, the St. Louis market is ripe with opportunity for tech companies, creatives, and professionals,” said Tony Hallada, managing principal with CLA Wealth Advisors, who oversaw the capital raise. “CLA is pleased to have assisted with this expansion project.