	UNITED STATES	OMB APPROVAL
	SECURITIES AND EXCHANGE COMMISSION	OMB Number: 3235-0060
	WASHINGTON, DC 20549	Expires: January 31, 2008
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	OMB APPROVAL
	OMB Number: 3235-0060
	Expires: January 31, 2008
	Estimated average burden
	hours per response..38.0

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~Securities~~ Date ~~Exchange~~of ~~Act~~Report (Date of ~~1934~~earliest event reported): April 28, 2006

Date of Report (Date of earliest event reported): December 29, 2005

CORPORATE REALTY INCOME FUND I, L.P.

(Exact Name of Registrant as Specified in Charter)

Delaware	0-15796	13-3311993

(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(IRS Employer Identification No.)

475 Fifth Avenue, New York, New York		10017

(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 696-0701


(Former Name or Former Address, if Changed Since Last Report)

CORPORATE REALTY INCOME FUND I, L.P.

(Exact Name of Registrant as Specified in Charter)

Delaware	0-15796	13-3311993
(State or Other Jurisdictionof Incorporation)	(Commission File No.)	(IRS Employer Identification No.)
	475 Fifth Avenue, New York, New York	10017
	(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code: (212) 696-0701

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

o ~~Soliciting~~ Item ~~material~~1.01. Entry ~~pursuant~~into toa ~~Rule~~Material ~~14a-12~~Definitive ~~under the Exchange Act (17 CFR 240~~Agreement.~~14a-12)~~

o ~~Pre-commencement~~ Registrant ~~communications~~entered ~~pursuant~~into toa ~~Rule~~Purchase ~~14d-2(b)~~and ~~under~~Sale ~~the~~Agreement ~~Exchange~~dated ~~Act~~as of April 28, 2006 (17the ~~CFR~~“Alamo ~~240~~Towers Sale Agreement”) with Adler Realty Investments, Inc.~~14d-2~~ (b“Purchaser”)) to sell, transfer, grant and assign the land, building and other improvements, leases, rents, security deposits, and other rights and property known as the Alamo Towers situated in San Antonio, Texas.

~~o Pre-commencement~~ Registrant ~~communications~~owns ~~pursuant~~fee title to ~~Rule~~the ~~13e-4(c)~~Alamo ~~under~~Towers ~~the~~and ~~Exchange~~its ~~Act~~13 ~~(17~~acres ~~CFR~~of ~~240~~underlying land, free and clear of any liens and encumbrances.~~13e~~ The Alamo Towers is an office building consisting of two stand-~~4(c))~~alone 8-story towers that were built in 1975 and 1981 and contain approximately 183,400 net rentable square feet of office space and a 10,500 square foot basement.

~~Item~~ As 2of March 1, 2006, the office space in the property was approximately 79.~~01.~~1% ~~Completion~~leased to 39 tenants at an average current base rent (without reduction for any free rent periods) of ~~Acquisition~~approximately or$16.18 ~~Disposition~~per square foot. Following is a schedule of ~~Assets~~expiration of such leases.

On December 29, 2005, Registrant sold the land, building and other improvements, leases, rents, security deposits, and other rights and property known as the Mercury Insurance Group Building situated in Oklahoma City, Oklahoma to Mercury Casualty Company (“Purchaser”). There is no material relationship, other than in respect of the sale of the Mercury Insurance Group Building, between Purchaser and Registrant or any of Registrant’s affiliates, general partners, officers or directors of such general partners, or any associate of such general partners, officers, or directors.

Expiration Year	Approximate Square Feet		% of Total			Avg. Current Rent/Sq.Ft.

2006		46,082		25.1	%	$	16.54
2007		8,501		4.6	%	$	17.39
2008		28,769		15.7	%	$	15.34
2009		44,783		24.4	%	$	15.98
2010		10,992		6.0	%	$	17.56
2014		5,213		2.8	%	$	15.25

~~Registrant~~ The ~~owned~~sale ~~fee~~price ~~title~~ to be paid by Purchaser for the ~~Mercury~~Alamo ~~Insurance~~Towers ~~Group~~is ~~Building~~$15,575,000 ~~and~~(the ~~its~~“Purchase 6Price”).1 The ~~acres~~Purchase ofPrice, ~~underlying~~plus ~~land~~or minus any closing adjustments, ~~subject~~is topayable ~~the~~in ~~lien~~immediately ofavailable aU.S. ~~first~~funds ~~mortgage~~at ~~line-~~the closing of~~-credit~~ ~~loan~~the purchase and sale (the “~~Bank~~Closing”). Purchaser is required to pay into escrow the sum of ~~America~~$100,000 ~~Loan~~(the “Initial Downpayment”), ~~from~~which ~~Bank~~will ofbe ~~America~~held in an interest bearing account, Nas an earnest money deposit towards the Purchase Price.A. Closing ~~(“Bank~~of the purchase and sale of ~~America~~the Alamo Towers will be in escrow through Chicago Title Insurance Company (“Escrow Holder”)~~. The~~ ~~Mercury~~and ~~Insurance~~the ~~Group~~balance ~~Building~~of ~~was~~the ~~built~~Purchase inPrice ~~1986~~will ~~and~~be ~~contains~~released ~~approximately~~to ~~91,500~~Registrant ~~net~~upon ~~rentable~~recording ~~square~~of ~~feet~~the ondeed ~~two~~or ~~floors,~~issuance ~~plus~~of ana ~~8,610~~title ~~square~~policy ~~foot~~by ~~basement~~the title company.

As Closing ofadjustments ~~December~~include ~~29,~~utilities ~~2005,~~bills ~~the~~(any ~~office~~deposits ~~space~~remain inRegistrant’s), ~~the~~collected ~~property~~rents ~~was~~and ~~approximately~~other ~~57.2%~~payments ~~leased~~from tenants (~~plus~~any ~~approximately~~security ~~84.9%~~deposits ofheld ~~the~~by ~~basement~~Registrant ~~space)~~will tobe ~~two~~credited ~~tenants~~to Purchaser), ~~Mercury~~real ~~Insurance~~estate ~~Services~~taxes, ~~LLC~~escrow ~~(“Mercury~~and ~~Insurance”)~~closing ~~and~~fees ~~Marathon~~to ~~Oil~~Escrow ~~Company~~Holder (~~“Marathon”~~which will be paid one-half by each of Registrant and Purchaser), and recording fees.

~~Mercury~~ Upon ~~Insurance,~~execution anof ~~affiliate~~the ofAlamo ~~Purchaser~~Towers Sale Agreement, ~~has~~Purchaser was required to order a ~~lease~~title ~~for~~commitment ~~approximately~~and ~~51,200~~a ~~square~~copy ~~feet~~of ~~(including~~all ~~approximately~~recorded ~~7,310~~documents referred to in the ~~basement)~~title ~~that~~commitment ~~expires~~as onexceptions ~~December~~to ~~31,~~title; ~~2009. The~~Purchaser ~~lease~~has ~~requires~~already ~~rent~~received ~~payments~~a ~~equal~~survey toof ~~$10~~the building from Registrant.00 Any ~~per~~exceptions ~~square~~to ~~foot~~title ~~until~~will ~~maturity~~be permitted unless Purchaser renders any objections in ~~December~~writing ~~2009. The~~to ~~lease~~Registrant ~~includes~~on ~~two~~or ~~5-year~~before ~~renewal~~expiration ~~terms,~~of the ~~first~~Due atDiligence Period. If, within three (3) Business Days from the ~~then~~date ~~market~~of ~~rate~~any ~~(not~~such objections, Registrant fails to ~~exceed~~elect ~~$13.00~~to ~~per~~remove ~~square~~or ~~foot)~~satisfy ~~and~~any ~~the~~such ~~second~~objections ator, awith ~~then~~Purchaser’s ~~fair~~approval, ~~market~~cause ~~rental~~the ~~(not~~title company to ~~exceed~~issue ~~$15.00~~a ~~per~~title ~~square~~endorsement ~~foot). Mercury~~or ~~Insurance~~“insure isover” ~~also~~any ~~obligated~~such objection, or if Registrant delivers a notice to ~~pay~~Purchaser ~~its~~that ~~proportionate~~such ~~share~~objections ~~(50.86%)~~may ofnot ~~increases~~be incured, ~~operating~~then ~~costs~~Purchaser ofmay either terminate the ~~building~~Alamo ~~after~~Towers ~~2005,~~Sale Agreement or proceed to Closing and take title subject to aany ~~cap~~such onobjections. Registrant ~~cumulative~~has ~~increases~~until ofClosing 4%to ~~per~~remove ~~annum~~or oncause ~~all~~the ~~operating~~title ~~expenses~~company ~~other~~to ~~than~~insure ~~real~~over ~~estate~~any ~~taxes,~~such ~~assessments,~~disapproved ~~dues~~item, ~~insurance,~~at ~~and~~Registrant’s ~~utilities~~expense.

~~Marathon~~ The sale of the Alamo Towers is subject to Purchaser’s ~~lease~~due isdiligence ~~for~~investigation. ~~approximately~~Purchaser 8has until May 30,~~430~~ ~~square~~2006 ~~feet~~(“Due Diligence Period”) to inspect the property and ~~expires~~the indue ~~February~~diligence ~~2009. The~~documents, ~~lease~~and ~~currently~~to ~~requires~~perform ~~rent~~such ~~payments~~other ~~equal~~due diligence with respect to ~~$12.50~~the ~~per~~Alamo ~~square~~Towers ~~foot~~as Purchaser reasonably deems necessary. ~~Marathon~~ Purchaser ~~must~~may ~~also~~notify ~~pay~~Registrant ~~additional~~and ~~rent~~Escrow ~~equal~~Holder, in writing, on or before the final day of the Due Diligence Period, of its election to proceed or not to proceed with the purchase of the Alamo Towers. If Purchaser fails to notify Registrant and Escrow Holder of its ~~proportionate~~decision ~~share~~within (8the Due Diligence Period, or if Purchaser notifies Registrant and Escrow Holder of its decision not to proceed, the Alamo Towers Sale Agreement will be terminated.~~43%)~~ If Purchaser notifies Registrant and Escrow Holder, on or before the final day of ~~any~~the ~~increases~~Due inDiligence ~~operating~~Period, ~~costs~~of its decision to proceed with the purchase of the ~~building~~Alamo Towers, the Alamo Towers Sale Agreement will not be terminated, the Initial Downpayment will become non-refundable, and Registrant and Purchaser will proceed to Closing. The Closing of the purchase and sale of the Alamo Towers will occur within 30 days after ~~1996~~termination of the Due Diligence Period, subject to extension by not more than 10 days by Registrant or Purchaser. Purchaser may also extend the Closing for up to an additional 20 days upon payment of an additional $25,000 non-refundable credit against the Purchase Price.

~~The~~ Upon ~~sale~~the ~~price~~Closing, ~~paid by~~ Purchaser ~~for~~will ~~the~~release ~~Mercury~~Registrant ~~Insurance~~from ~~Group~~and ~~Building~~waive ~~was~~all ~~$7,000,000~~claims ~~(the~~and ~~“Purchase~~liability ~~Price”). The~~which ~~Purchase~~Purchaser ~~Price~~may ~~was~~have ~~payable~~against inRegistrant ~~immediately~~for ~~available~~any ~~U.S.~~structural, ~~funds~~physical atand ~~the~~environmental ~~closing~~condition of the ~~purchase~~Alamo ~~and~~Towers ~~sale~~including, ~~(the~~without ~~“Closing”). Registrant~~limitation, ~~granted Purchaser a credit against~~ the ~~Purchase~~presence, ~~Price~~discovery, inor ~~the~~removal ~~amount~~ of ~~$100,000~~any onhazardous ~~account~~materials ofin, ~~certain~~at, ~~inspection~~about, ~~items~~or tounder ~~which~~the ~~Purchaser~~Alamo ~~objected~~Towers.

At Registrant ~~the~~will ~~Closing,~~pay ~~Purchaser~~sales ~~released~~commissions ~~Registrant~~to ~~from~~third ~~and~~parties ~~waived~~aggregating ~~all~~$311,500, ~~claims~~plus ~~and~~reimbursement ~~liability~~of ~~which~~up ~~Purchaser~~to ~~may~~$20,000 ~~have~~of ~~against~~the ~~Registrant~~broker’s ~~for~~out-of-pocket ~~any structural~~expenses, ~~physical~~in ~~and~~connection ~~environmental~~with ~~condition~~the sale of the ~~Mercury~~Alamo ~~Insurance~~Towers ~~Group~~to ~~Building~~Purchaser. Registrant ~~including~~must also pay escrow fees, ~~without~~transfer ~~limitation~~taxes, ~~the~~title ~~presence~~insurance premium, ~~discovery~~and other customary closing costs estimated to aggregate $65,000 orin ~~removal~~connection with a sale of ~~any~~the ~~hazardous~~Alamo ~~materials~~Towers. Registrant acquired the Alamo Towers in March 1997 for a purchase price of approximately $12,002,000, atinclusive of capitalized closing and related costs. At December 31, ~~about~~2005, orthe ~~under~~Alamo ~~the~~Towers ~~Mercury~~had ~~Insurance~~a ~~Group~~book ~~Building~~value estimated at approximately $15,348,000, net of accumulated depreciation.

Registrant paid sales commissions to third parties aggregating $138,000 in connection with the sale of the Mercury Insurance Group Building to Purchaser. In addition, Registrant has agreed to pay $69,000 to Mr. Tom Fillmore, Registrant’s Property Manager/Leasing Agent for the Mercury Insurance Group Building, in connection with the sale of the building. Registrant also paid operating adjustments, escrow fees, transfer taxes, title insurance premium, and other customary closing costs aggregating approximately $23,100 in connection with the sale of the Mercury Insurance Group Building.

At Closing, Registrant paid outstanding leasing commissions and tenant improvements to be performed pursuant to an amendment to Marathon’s lease at the Mercury Insurance Group Building in the approximate amount of $10,400 and $62,000, respectively. Registrant agreed to indemnify, defend, and hold harmless Purchaser from any claims made by the contractor or Marathon against Purchaser regarding the construction of such tenant improvements within 90 days following substantial completion of such improvements. Registrant also paid at Closing real estate taxes related to the Mercury Insurance Group Building in the approximate amount of $26,800.

At Closing, Registrant paid approximately $6,078,700 to satisfy in full the Bank of America Loan. Upon such payment, Bank of America released its mortgage liens on the Mercury Insurance Group Building and on Registrant’s buildings in San Antonio, Texas and Monterey Park, California. Registrant paid the bank’s attorneys’ fees and service fees and recording costs aggregating approximately $3,400 in connection with satisfaction of the Bank of America Loan. After all costs, expenses, and payments associated with the sale of the Mercury Insurance Group Building and the satisfaction of the Bank of America Loan, Registrant received net proceeds aggregating approximately $488,600 from the sale of the Mercury Insurance Group Building. Registrant intends to use such proceeds to augment working capital, including the funding of tenant improvements at its properties and reducing accounts payable and accrued expenses.

Registrant acquired the Mercury Insurance Group Building in March 1986 for a purchase price of approximately $10,736,000, inclusive of acquisition fees. At December 31, 2004, the Mercury Insurance Group Building had a book value estimated at approximately $7,298,000, net of accumulated depreciation.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

10.1.	Purchase and Sale Agreement dated as of November 11, 2005 between Registrant and Mercury Casualty Company incorporated by reference to Exhibit 10 to Registrant’s Current Report on Form 8-K dated November 11, 2005.
10.2.	Amendment to Purchase and Sale Agreement dated as of December 22, 2005 between Registrant and Mercury Casualty Company.

Registrant intends to use the net proceeds from the sale of the Alamo Towers to fund capital improvements, tenant improvements, and leasing commissions at its New York property and to augment working capital and reduce accounts payable and accrued expenses.

There is no assurance that Purchaser will approve the due diligence investigation or consummate a purchase of the Alamo Towers or the final terms of any such transaction.

	Item 9.01.	Financial Statements and Exhibits.

(d)	Exhibits.

	10. Purchase and Sale Agreement dated as of April 28, 2006 between Registrant and Adler Realty Investments, Inc.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CORPORATE REALTY INCOME FUND I, L.P.

	CORPORATE REALTY INCOME FUND I, L.P.

	By:	1345 Realty Corporation, Corporate General Partner

	By:	/s/ Robert F. Gossett, Jr.

	Name:	Robert F. Gossett, Jr.
	Title:	President

ByDated: May ~~1345 Realty Corporation~~4, ~~Corporate General Partner~~2006

~~By: /s/ Robert F. Gossett, Jr. Name: Robert F. Gossett, Jr.Title: President~~4

Dated: January 4, 2006

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