Honigman Advises Brown Capital Group on Paddock Place Development and Financing

Honigman represented Brown Capital Group, LLC in connection with the development and financing of Paddock Place, a 230-unit multifamily development in Lebanon, Indiana.

The transaction included construction financing, the issuance of tax increment financing (TIF) bonds and economic development incentives from the Indiana Economic Development Corporation. Paddock Place is the first multifamily housing development in Lebanon announced since the launch of the LEAP Lebanon Innovation and Research District and is designed to help address growing housing demand driven by significant economic investment in the region.

The development will include 210 apartment units, 20 townhomes and a 5,000-square-foot clubhouse. The project is expected to serve the expanding workforce supporting major employers and investments in Boone County, including Eli Lilly's multibillion-dollar manufacturing expansion and Meta's planned data center development. As one of Indiana's fastest-growing regions, Boone County has experienced increasing demand for quality housing options to support continued economic growth.

The Honigman team was led by Partner Mike Tirman with support from Associate Giselle Ebeling and Summer Associate Elliott Gold.

For more information about Brown Capital Group, visit https://browncapitalgrp.com/