Structure Tone, one of the nation’s leading construction management
firms, is partnering with Corporate Lease Properties to finance new
real estate projects or sale-leaseback deals. Structure Tone officials said the venture will allow it to provide
alternative financing to corporations leasing space to strong
creditworthy tenants, and therefore help move projects along that
require new construction financing or just enough money to build out
space for a new tenant. Officials declined to comment on any specific
deals; however, they said they have a number of deals in the pipeline and are
focused on deals in Tier 1 cities, including New York, Boston and San
Francisco. “It’s the right time to invest in real estate,” said Brian Donaghy,
chairman and president of Structure Tone. “We want to be in a
position where we have our platform ready and greased to do deals.” Structure Tone has managed some of the largest construction projects in
New York, including the Bank of America tower and managed tenant
build-out projects for Moody’s Corp., MTV Networks and other major
companies. [more]