Kasowitz Represents Cottonwood Group in a $105 Million Construction Loan for the Expansion of BillionToOne in Texas

Kasowitz represented Cottonwood Group, a Los Angeles-based private equity real estate investment firm, in the closing of a $105 million senior construction loan to a joint venture between Reger Holdings, a leading developer based in New York, and Tarlton Properties, a life sciences developer and operator based in the San Francisco Bay Area, for the development of the new Austin, Texas office for BillionToOne, a molecular diagnostics company.  The new facility will consist of 223,500 square feet of office and laboratory space within EastVillage, a 425-acre mixed-use community being developed by Reger Holdings.  BillionToOne expects to employ up to 1,000 employees, including laboratory technicians, clinical laboratory scientists, automation engineers, and post-doctoral researchers.  Kasowitz also represented Cottonwood in a loan-on-loan financing with Western Alliance bank.  

In December 2024, Kasowitz represented Cottonwood in the closing of a $284 million senior bridge loan facility to Reger Holdings for the development of EastVillage.

The Kasowitz team representing Cottonwood Group was led by real estate transactions partner Darwin Huang and includes associates Kathleen M. Maurer, Jason Re, and Christina M. Sim.

Select news coverage:

• ConnectCRE: Tarlton Building 223K-SF Austin Life Science Facility
• Institutional Real Estate: Cottonwood Group supports life sciences growth in Texas with $105m construction loan
• LA Times: Cottonwood Group Supports BillionToOne Growth with $105-Million Construction Loan
• Traded: Tarlton Properties Secures $105M Construction Loan For Life Science Office Development In Austin