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Press Release
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Contact: Nick Derasmo (212.841.7505) |
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Sonnenblick Goldman Announces Opening of Boston Office
Firm Expands to Serve Local Investment and Development Clients
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Wednesday, March 21, 2007
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New York, NY
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Sonnenblick Goldman, one of the nation’s leading private real state investment banks, is proud to announce the opening of its newest office, located in the heart of Boston’s financial district. The expansion into the Boston market allows Sonnenblick-Goldman to more efficiently provide its services to clients in the New England region. Richard Swartz, managing director and principal of Sonnenblick Goldman, will spearhead the new office.
“The strong Boston market, mixed with the exponentially growing capital markets arena, made it the perfect time to expand our client services into a new market,” said Swartz.
Sonnenblick Goldman has had a strong presence in the Boston region for many years. Recently, the firm completed several financing and sale transactions in the metro area, including the $180 million acquisition financing of One Kendall Square, a 675,000 sq. ft. office and research campus in Cambridge, Mass., on behalf of Rockwood Capital and The Beal Companies; the $85 million equity financing for the development of Watermark, a 350-unit luxury apartment building in Cambridge, for Twining Properties; the $64 million senior and mezzanine financing of Ledgemont Center, a 375,000-square-foot office and research complex in Lexington, Mass., on behalf of The Beal Companies; and the sale/leaseback of 21-29 Great Republic Drive in Gloucester, Mass., to Angelo Gordon & Co.
“This is a great opportunity to expand our presence in a city in which we have great relationships with local real estate developers/operators and capital sources,” said Steven Kohn, president of Sonnenblick Goldman. “With Rick’s previous experience in the Boston area and his extensive knowledge of the local and national markets, Sonnenblick Goldman is sure to have tremendous success in Boston.”
Swartz, a 14-year veteran of the Boston commercial real estate market, previously held positions at The Boston Co., Property Capital Advisors, and TCW Realty Advisors between 1982 and 1996.
To discuss opportunities within the Boston region, please contact Sonnenblick Goldman at 617-345-0401.
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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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