By Baltimore Business Journal

CGA Capital Corp., of Timonium, has arranged $687 million in financing for a new home in Kansas City for the National Nuclear Security Administration.

The complex, being developed by Oak Brook, Ill.â¿¿s CenterPoint Zimmer LLC, will consist of five buildings totaling 1.5 million square feet. Ground breaking is scheduled for August, with the first workers moving into the facility in 2012. It is expected to employ about 2,500 workers. The complex will be used for producing nonnuclear materials for U.S. nuclear weapons and other national security operations.

CGA, working with attorneys from the Baltimore office of law firm Ballard Spahr LLP, was financial adviser for the deal. CGA, along with Bostonia Global Securities LLC, arranged for the private placement of $687 million in bonds purchased by 14 institutional investors, including insurance companies and pension funds.

CGA is the former Legg Mason Mortgage Capital Corp. It became part of RBS Greenwich Capital in 2006, and was spun off as an independent firm in July 2009.

Copyright 2010 American City Business Journals
Copyright 2010