BOSTON – Boston law firm Sherin and Lodgen LLP announced that its Renewable Energy Group represented Carraway Apartments LLC (DE) in connection with a rooftop and parking canopy leasing for a solar project facilitated by Distributed Solar Development.
Carraway is co-owned by institutional investors advised by J.P. Morgan Asset Management and Toll Brothers, Inc., through its Toll Brothers Apartment® Living rental subsidiary, as part of their joint venture to collaborate on developing the 421-unit luxury apartment community located in Harrison, New York. The solar array includes 0.26307 MWdc of rooftop solar and a parking canopy totaling 0.96558 MWdc.
The Sherin and Lodgen team, led by managing partner Douglas M. Henry and partner Jennifer L. Ioli, drafted and negotiated the solar leases for Carraway.
Henry represents real estate developers, public and private companies, independent power producers, lending institutions, and other corporate and individual clients regarding the acquisition, permitting, financing, leasing, operation, management, and disposition of real estate facilities. His practice includes the representation of clients in connection with complex downtown and suburban development, affordable housing and community development, hotel and hospitality, office, industrial, and retail projects. Ioli is a commercial real estate and environmental attorney with experience in acquisitions, development, leasing, and financing. A partner in the firm’s Renewable Energy group, she advises industrial companies on the roll-out of solar leasing to accomplish their business goals.
The national Renewable Energy Practice Group at Sherin and Lodgen represents lenders, developers, municipalities, and companies committed to sustainability through solar, wind, hydro, and energy storage initiatives. Clients rely on our experience in financing, development, acquisition, leasing, environmental, and permitting to navigate this ever-changing market and accomplish their business goals. The group has particular experience assisting lenders in navigating the Solar Massachusetts Renewable Target (SMART) program.