SL Green Realty has secured an $86 million senior mortgage loan for Landmark Square, an 826,000-square-foot mixed-use property in Stamford, Conn., Cushman & Wakefield Sonnenblick Goldman, which served as SL Green’s advisor on the deal, said today.
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, Cushman said.
Landmark Square sits on a 7.16-acre campus in the heart of Stamford’s Central Business District, and is comprised of seven buildings, including a nine-screen movie theater.
“[It] is one of the truly premier properties in Stamford,” said Steven Kohn, president of Cushman & Wakefield Sonnenblick Goldman, who handled the deal alongside colleagues Alex Hernandez, Christopher Moyer and Sridhar Vankayala. “That fact, along with the strong sponsorship of SL Green, [was] of utmost importance to the lending community.”
SL Green has completed numerous upgrades at the property since 2007, Cushman said, and is underway with a major capital improvement program at the complex. — Katherine Clarke