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Press Release
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Contact: Nick Derasmo (212.841.7505) |
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SONNENBLICK-GOLDMAN COMPANY ARRANGES FINANCING FOR MALLORY CORNERS SHOPPING CENTER IN NASHVILLE SUBURB |
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Thursday, February 12, 2004
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Brentwood, TN
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Sonnenblick-Goldman Company, serving as exclusive financial advisor to Ackerman & Co., has arranged a 10-year, fixed-rate first mortgage for Mallory Corners Shopping Center in Brentwood, Tennessee. Column Financial Inc., a Credit Suisse First Boston Company, funded the loan.
The property, consisting of two free-standing, single-story buildings, was constructed in 1995 and contains a total of 70,000 net rentable square feet. It is currently 90% leased to a diverse set of strong retail tenants, including Barnes & Noble and CompUSA, which anchor the center.
Mallory Corners is less than one-half mile from I-65, a primary transportation route for the region, and is in the heart of one of the preferred residential neighborhoods in suburban Nashville. The center enjoys excellent visibility from passing traffic.
"We were able to secure a forward rate lock, which enabled the borrower to lock in an extremely favorable rate prior to the maturity date of the existing mortgage," states Andrew S. Oliver, managing director and principal at Sonnenblick-Goldman.
In addition to Mr. Oliver, Sonnenblick-Goldman’s transaction team included Alexander E. Hernandez, associate, and analyst Peter H. Hopkins. |
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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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