9 West Broad St., Stamford

Prudential Connecticut Commercial Real Estate has reached a lease agreement for 7,300 square feet of office space at 9 West Broad St. in Stamford. The property is a 201,285-square-foot building located in the city’s downtown area.

The tenant, Universal Conference Inc., is a conference management company based in the United Kingdom that opened its U.S. headquarters three years ago on Southfield Avenue in Stamford. The move to 9 West Broad St. represents a tripling of space for the company.

The landlord was represented by GVA William Real Estate. The tenant was represented by Robert C. Miller, partner, of Prudential Connecticut Commercial Real Estate.

Prudential Connecticut Commercial Real Estate, located in Stamford, is an independently owned and operated member of Prudential Real Estate Affiliates Inc., one of the leading brokerage networks in North America.

CBA Issues Certificates,br>
Stamford-based CBA Commercial, a commercial mortgage finance firm specializing in the purchase and securitization of small-balance multifamily, commercial and mixed-use mortgage loans, recently announced the issuance of CBA Commercial Assets Small Balance Commercial Mortgage Pass-Through Certificates, Series 2005-1.

The $214.9million securitization (Series 2005-1) included 572 small-balance commercial, mixed-use and multifamily mortgage loans with an average principal balance at origination of about $377,362. Ratings were assigned to various certificates by Standard & Poor’s Ratings Services, Moody’s Investors Service and Fitch Ratings. Greenwich Capital Markets, Deutsche Bank Securities and CBA Securities were the initial purchasers of the offered certificates. Midland Loan Services is the servicer and special servicer.

“The announcement of our 2005-1 Series issuance is a reflection of our overall strategy to emerge as the small balance commercial mortgage leader,” said William Komperda, chairman and chief executive officer of CBAC. “I’m proud of the talented CBA Commercial team we’ve assembled here. Our efforts in the small-balance commercial arena continue to produce some very positive results.”

CBA Commercial is a specialty commercial mortgage finance firm that acquires and securitizes small-balance multifamily, commercial and mixed-use mortgage loans. CBAC draws on the experience and expertise of its founding partners: CBA Receivables, a residential mortgage securitization firm; and Cheslock, Bakker & Assoc., a leading real estate merchant bank.

CBAC senior management has been involved for over 30 years in the development, standardization and securitization of various types of specialty mortgages and other innovative financial asset classes. CBAC has created a streamlined process for underwriting and securitizing small-balance multifamily, commercial and mixed-use mortgage loans. Its standardized loan documentation, underwriting guidelines, appraisal process, environmental risk mitigation techniques and compliance and quality-control procedures enable CBAC to efficiently evaluate and fund loans ranging in size from $100,000 to $3 million.

Geenty Brokers Sale

The Geenty Group, Realtors, of Branford, recently brokered the sale of a Colonial-style home on 0.24 acres of B-2 zoned land located at 142 Marlborough St. in Portland.

The seller was Patricia Gustavson, executrix of the property, who was represented by co-listers William Clark, senior vice president, and Arthur Randolph, director, of The Geenty Group. Kristin Geenty represented the buyer, Chandra Shekar. James Carey of the Essex Law Firm represented the seller, while George Law of Law & Larson in Portland represented the buyer.