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Press Release
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Contact: Nick Derasmo (212.841.7505) |
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SONNENBLICK-GOLDMAN COMPANY ARRANGES $31 MILLION SALE OF CORPORATE PARK III AND VANTAGE COURT A&B |
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Monday, October 18, 2004
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New York, NY
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Sonnenblick-Goldman, acting on behalf of Chelsfield USA, LLC, has arranged the $31 million sale of two office buildings Corporate Park III and Vantage Court A&B in Franklin Township, NJ to Cottontail Holdings, LLC, a major New York investor.
Corporate Park III, located at 580 Howard Avenue, contains 167,000 square feet. Tenants include Ronson Corporation; Avaya, Inc.; and law firm Collier, Jacob and Millers.
The 200,000-square-foot Vantage Court A&B at 200 Cottontail Lane includes tenants such as Ventive Health; Mazda Motor of America, Inc.; Parsons Infrastructure & Technology Group, Inc.; Mitsubishi Electric; World Savings Bank; and Royal Dalton USA.
"These are two of the finest office buildings in Franklin Township," says David S. Schaiman, managing director at Sonnenblick-Goldman Company. "They have consistently outperformed the market by continually maintaining substantially better occupancy levels and achieving higher rentals than other buildings in the area." |
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Sonnenblick-Goldman, LLC is the industry’s leading independent real estate investment banking firm. Founded in 1893 to serve the financing needs of the real estate industry, Sonnenblick-Goldman, LLC provides a full range of financial services, including debt and equity placements, joint ventures, investment sales and advisory services. Headquartered in New York, Sonnenblick-Goldman maintains offices in San Francisco, Boston, Hong Kong, Shanghai, Sydney and Tokyo. Further information can be found at Sonnenblick-Goldman, LLC’s website at www.cushwake.com/sonngold.
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