Sevim represented C&R Research in the lease transaction.Building owner Zeller Realty, which is headquartered here, wasrepresented in-house by Bob Six and Paul Eleftheriou.

C&R Research is the largest tenant in the building, leasingmore than 15% of the building. "They have grown organically [and]quite aggressively over the past five to seven years," Sevim says.The marketing research firm has been a tenant in the building formore than 15 years, Sevim says. The firm is leasing the last fullfloor available, Sevim says. The 322,443-sf class B officebuilding, which was designed by Skidmore, Owings & Merrill, wasconstructed in 1967 and renovated in 1990.

Zeller Realty acquired the 24-story building from FosterlaneHoldings, the investment arm for the government of Kuwait, inNovember 2006 for $49 million, or about $152 per sf, sources say.Zeller Realty received $52.9 million in financing from GeneralElectric Capital Corp. for the acquisition. The building was 80%leased at the time of the acquisition with major tenants includingC&R Research, Bank of America and Verizon. The building is"very well leased" and, currently, "is certainly over 90%" leased,Sevim says. The building is a "boutique building" with a mix ofsmaller tenants such as marketing and communication firms,consulate generals and foreign agencies, he says.