$28m financing for Christiana buy.

Cushman & Wakefield Sonnenblick Goldman, as exclusive advisor to Juster Development Company, has arranged the $28 million acquisition financing for 100 & 120 White Plains Road in Tarrytown, N.Y.

The fixed rate mortgage was provided by a life insurance company.

Built in 1984 and known as the Christiana Building, 120 White Plains Road is a Class A, six-story, 203,739 s/f office building set on nine acres of beautifully landscaped grounds.

100 White Plains Road is a four-story, colonial-style mansion that was originally constructed in 1927 as a residential home and converted to an office building in the early nineties. The buildings are approximately 98 percent leased.

"Although the credit markets are challenging, strong sponsors and high quality assets still attract capital," said Steve Kohn, president and principal of Cushman & Wakefield Sonnenblick Goldman. Kohn, along with Alexander Hernandez, senior director, and Chris Moyer, analyst, arranged the financing.

The sale was arranged by Cushman & Wakefield's Metropolitan Area Capital Markets Group.