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Press Release
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Contact: Nick Derasmo (212.841.7505) |
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Cushman & Wakefield Sonnenblick Goldman Arranges $86 Million Financing for Landmark Square in Stamford, Connecticut |
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Wednesday, December 21, 2011
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New York, NY
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Cushman & Wakefield Sonnenblick Goldman, serving as the exclusive advisor to an affiliate of SL Green Realty Corp. (“SL Green”), has arranged an $86 million senior mortgage loan for Landmark Square in Stamford, Connecticut. The five-year fixed-rate financing was provided by AIG Asset Management on behalf of a wholly owned life insurance subsidiary of American International Group, Inc.
Landmark Square is a dynamic 826,000-square-foot mixed-use property located on a 7.16-acre campus in the heart of Stamford’s CBD. The property consists of seven buildings (including a nine-screen movie theater). With office space offerings from boutique, full-floors (or smaller) to large contiguous blocks, Landmark Square can accommodate various types of tenant space needs and offer its tenants tremendous flexibility for growth.
SL Green has completed numerous upgrades at the property since 2007 and is underway with a major capital improvement program. Completed work includes newly renovated and landscaped plazas, upgraded common area lighting with high-efficiency lighting, renovated elevators, and a renovated 20,000 square-foot tenant-only health club. Currently, the Owner is upgrading the common areas and completing a modernization and upgrade of the atrium which will include a sophisticated, grand entryway accentuated by the finest new materials creating an elegant and inviting space for tenants and visitors.
Steven Kohn, president of C&W Sonnenblick Goldman, said, "Landmark Square is one of the truly premier properties in Stamford. That fact along with the strong sponsorship of SL Green were of utmost importance to the lending community." The CWSG team included Mr. Kohn, Alex Hernandez, Christopher Moyer and Sridhar Vankayala.
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About Cushman & Wakefield Sonnenblick Goldman
Cushman & Wakefield Sonnenblick Goldman is the industry’s leading independent real estate investment banking firm. The firm was founded as Sonnenblick Goldman in 1893 and it merged with Cushman & Wakefield in 2007. Cushman & Wakefield Sonnenblick Goldman provides a full range of real estate financial services, including debt and equity placements, joint ventures, hospitality investment sales and workout advisory services, and it collaborates world-wide with other divisions of Cushman & Wakefield. Further information can be found at the firm’s website at www.cushwake.com/sonngold.
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