Establishing Easy Plans In Commercial Loan Programs

Citizens Commercial Banking provided a $90 million financing package for the acquisition of two vacant buildings at 5 and 6 Necco Way. GE purchased a parking lot owned by Procter & Gamble where it will construct a new 12-story office building. GE will start rehabilitating the Necco Way buildings immediately after leasing them from new owner MassDevelopment, said Ann Klee, vice president of Boston Development and Operations for GE, in a statement. The Boston Planning and Development Agency last month approved GEs new $200-million headquarters, including a new 12-story, 293,300-square-foot

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