According to Jeannette Boccini, spokesperson for Sonnenblick-Goldman, which arranged the sale, a confidentiality agreement stipulates the buyer remain undisclosed. Boccini did say that the purchaser is "a major savings bank" with "assets throughout the US."

The loans were sold as two separate portfolios. One portfolio consists of three cross-collateralized loans secured by three office buildings located in Livingston, New Jersey. The other portfolio consists of three cross-collateralized loans secured by three office buildings located in Trumbull, Connecticut. Total sf on the buildings is roughly 300,000 sf, Boccini says.New York City-based Teachers Insurance, with more than $290 billion in assets under management, is among the world's largest retirement systems. Real estate investment banking firm Sonnenblick-Goldman, also based here, maintains offices in Hong Kong, Miami, San Francisco, Sydney and Tokyo.