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Press Release
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Contact: Nick Derasmo (212.841.7505) |
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SONNENBLICK-GOLDMAN RETAINED TO SECURE FINANCING FOR 120 WALL STREET IN MANHATTAN |
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Monday, August 06, 2001
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New York, NY
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An affiliate of Silverstein Properties, Inc. has exclusively retained Sonnenblick-Goldman Company to arrange financing for 120 Wall Street, a 34-story office tower in Downtown Manhattan.
Built in 1929, 120 Wall Street, which has been extensively renovated and modernized, contains approximately 606,500 square feet of office, ground floor retail/commercial, and basement storage space. In 1992, the building received an official designation from the New York City Economic Development Corporation (EDC) as the City's Association Center.
120 Wall Street is 100% leased to a prestigious roster of non-profit tenants, including the National Urban League, the Center for Reproductive Law and the Juvenile Diabetes Foundation. Among the largest for-profit tenants are Weitz & Luxenberg and Stroock & Stroock, two major law firms.
According to Arthur Sonnenblick, Senior Managing Director of Sonnenblick-Goldman Company, "120 Wall Street's superior location, excellent physical condition, and strong management have been the basis for significant lender interest to date." |
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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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