B
rookline Bank has partnered with Malden Catholic to structure $35 million in tax-exempt bonds for a major campus expansion at 50 Crystal Street, Malden, MA. The new facility will encompass 70,000 sq ft of cutting-edge classroom and lab spaces, a spacious dining hall, modern administrative areas, and a state-of-the-art athletic center.
The project marks the next phase in Malden Catholic's growth as one of New England's fastest-growing Catholic high schools. Founded in 1932, the institution is renowned for its rigorous academics, innovative programs, and distinguished alumni list.
"We're thrilled to partner with Brookline Bank," said John Thornburg, President of Malden Catholic. "Their support has enabled us to bring our vision to life." Jerry Algere, SVP at Brookline Bank, added that the partnership will elevate education in New England by offering students a cutting-edge learning environment.
MassDevelopment, the state's development finance agency, also played a key role in facilitating the project through tax-exempt financing. "We're pleased to have partnered with Brookline Bank to deliver this financing solution," said Benny Wong, SVP of Investment Banking at MassDevelopment.
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