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	UNITED STATES	OMB APPROVAL
	SECURITIES AND EXCHANGE COMMISSION	OMB Number: 3235-0060
	WASHINGTON, DC 20549	Expires: January 31, 2008
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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~~

~~Date~~Securities ofExchange ~~Report~~Act ~~(Date~~ of ~~earliest event reported): April 25, 2005~~1934

~~CORPORATE~~Date ~~REALTY~~of ~~INCOME~~Report ~~FUND I, L.P.~~ (~~Exact~~Date ~~Name~~ of ~~Registrant~~earliest asevent ~~Specified~~reported): inDecember ~~Charter)~~29, 2005

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 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)

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 14a-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 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))

Item 2.01.

Completion of Acquisition or Disposition of Assets.

On ~~April~~December 2529, 2005, Registrant sold the land, building and other improvements, leases, rents, security deposits, and other rights and property known as the ~~Tumi~~Mercury Insurance Group Building situated in ~~South~~Oklahoma ~~Plainfield~~City, ~~New~~Oklahoma ~~Jersey~~ to ~~Vision~~Mercury ~~Systems~~Casualty ~~Group,~~Company ~~Inc~~ (“Purchaser”). There is no material relationship, other than in respect of the sale of the ~~Tumi~~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.

Registrant owned fee title to the ~~Tumi~~Mercury Insurance Group Building and its ~~five~~6.1 acres of underlying land, subject to the lien of a first mortgage line-of-credit loan (the “~~Fleet~~Bank of America Loan”) from ~~Fleet National~~ Bank ~~(“Fleet”)~~of America, aN.A. (“Bank of America ~~company~~”). The ~~Tumi~~Mercury Insurance Group Building was built in 1986 and contains approximately ~~107~~91,~~900~~500 net rentable square feet on two floors, plus an 8,610 square foot basement.

As of ~~April~~December 1229, 2005, the office space in the property was approximately 8557.2% leased, ~~with~~(plus ~~45,700~~approximately ~~square feet leased to Tumi, Inc~~84.9% ~~(at a current rent~~ of ~~$16.00~~the ~~per~~basement ~~square foot for an initial term expiring in January 2011~~space) ~~and~~to ~~the~~two ~~remainder at an average current rent of approximately $19.46 per square foot. Such other leases expire in October 2005 (approximately 9~~tenants,~~980~~ ~~square~~Mercury ~~feet),~~Insurance ~~June 2008 (approximately 23~~Services,~~540~~ ~~square~~LLC ~~feet), November 2008~~ (~~approximately~~“Mercury ~~6,110 square feet~~Insurance”), and ~~November~~Marathon ~~2009~~Oil ~~(approximately~~Company ~~6,600 square feet~~(“Marathon”). Registrant also has entered into a lease through November 2005 with AT&T Wireless PCS, LLC, to permit installation and operation of a cellular telephone tower on the roof of the Tumi Building, at an annual rental of $19,800.

OnMercury ~~March 9~~Insurance, ~~1999,~~an ~~Gdynia~~affiliate ~~America~~of ~~Line~~Purchaser, ~~Inc.,~~has a ~~tenant~~lease ~~occupying~~for approximately 2151,~~650~~200 square feet (~~20.3%)~~including inapproximately ~~the~~7,310 ~~Tumi~~in ~~Building filed for protection under Chapter 11 of~~ the ~~U.S.~~basement) ~~Bankruptcy~~that ~~Code.~~expires ~~Polish~~on ~~Ocean~~December ~~Lines~~31, ~~a Polish corporation partially owned by the Polish Government, is jointly and severally obligated under this lease~~2009. On The ~~or about April 30, 1999, the~~ lease, ~~with~~requires arent ~~term expiring in May 2007 and annual rental~~ payments ofequal ~~approximately~~to $~~446,000, was rejected in the bankruptcy proceeding~~10.00 Inper ~~July~~square ~~2000,~~foot ~~Registrant~~until ~~obtained~~maturity ~~a judgment~~ in anDecember ~~action~~2009. The inlease ~~the~~includes ~~Superior~~two ~~Court~~5-year ofrenewal ~~New~~terms, ~~Jersey Law Division; Middlesex County against Polish Ocean Lines in~~ the ~~approximate~~first ~~amount~~at ~~of $618,600. On May 4, 2001,~~ the ~~amount~~then ofmarket ~~this~~rate ~~judgment~~(not ~~was increased~~ to ~~approximately~~exceed $~~4,389,400~~13. ~~Registrant~~00 isper ~~pursuing~~square ~~enforcement~~foot) ~~of its judgment in Poland~~ and ~~on November 29, 2004,~~ the ~~Supreme~~second ~~Court~~at ~~of Poland announced its ruling recognizing enforceability of~~ a ~~New~~then ~~Jersey~~fair ~~judgment~~market inrental ~~Poland. The~~(not ~~Polish Supreme Court has sent the matter back~~ to aexceed ~~lower~~$15.00 ~~court~~per tosquare ~~determine enforceability of Registrant’s judgment in light of the Supreme Court’s ruling~~foot). ~~Despite~~ Mercury ~~this~~Insurance ~~favorable~~is ~~ruling,~~also ~~there~~obligated ~~can be no assurance as~~ to ~~Registrant’s~~pay ~~ability~~its toproportionate ~~collect~~share ~~any of the judgment against Polish Ocean Lines~~(50. ~~Approximately~~86%) ~~11,130 square feet~~ of ~~this~~increases ~~space~~ in ~~the~~operating ~~Tumi~~costs ~~Building remains vacant. The sale~~ of the ~~Tumi~~building ~~Building~~after ~~did~~2005, ~~not~~subject ~~include~~to ~~Registrant’s~~a ~~judgment~~cap ~~against~~on ~~Polish~~cumulative ~~Ocean~~increases ~~Lines~~of or4% ~~any~~per ~~rights~~annum ~~Registrant~~on ~~may~~all ~~have~~operating orexpenses ~~hereafter~~other ~~acquire~~than ~~with~~real ~~respect~~estate totaxes, ~~its~~assessments, ~~litigation~~dues, ~~against~~insurance, ~~Polish~~and ~~Ocean Lines~~utilities.

~~The~~Marathon’s ~~sale~~lease ~~price~~is ~~paid by Purchaser~~ for ~~the~~approximately ~~Tumi Building was $9~~8,~~750,000~~430 ~~(the~~square ~~“Purchase~~feet ~~Price”). The~~and ~~Purchase~~expires ~~Price was paid payable~~ in ~~immediately~~February ~~available U~~2009.S. The ~~funds~~lease atcurrently ~~the~~requires ~~closing~~rent ofpayments ~~the~~equal ~~purchase~~to ~~and~~$12.50 ~~sale~~per ~~(the~~square ~~“Closing”)~~foot. ~~Pursuant~~ Marathon tomust analso ~~amendment~~pay toadditional ~~the~~rent ~~Purchase~~equal ~~and~~to ~~Sale~~its ~~Agreement,~~proportionate ~~Registrant~~share ~~granted~~(8.43%) ~~Purchaser~~of aany ~~credit~~increases ~~against the Purchase Price~~ in ~~the~~operating ~~amount~~costs of ~~$310,000, in exchange for which Registrant’s obligation to renovate~~ the building ~~lobby~~after ~~was discharged~~1996.

AtThe ~~the~~sale ~~Closing,~~price paid by Purchaser ~~released~~for ~~Registrant~~the ~~from~~Mercury ~~and~~Insurance ~~waived~~Group ~~all~~Building ~~claims~~was ~~and~~$7,000,000 ~~liability~~(the ~~which~~“Purchase ~~Purchaser~~Price”). The ~~may~~Purchase ~~have~~Price ~~against~~was ~~Registrant~~payable ~~for~~in ~~any~~immediately ~~structural,~~available ~~physical~~U.S. ~~and~~funds ~~environmental~~at ~~condition~~the closing of the ~~Tumi~~purchase ~~Building~~and ~~including,~~sale ~~without~~(the ~~limitation,~~“Closing”). Registrant granted Purchaser a credit against the ~~presence,~~Purchase ~~discovery,~~Price orin ~~removal~~the amount of ~~any~~$100,000 ~~hazardous~~on ~~materials~~account ~~in,~~of ~~at,~~certain ~~about,~~inspection oritems ~~under~~to ~~the~~which ~~Tumi~~Purchaser ~~Building~~objected.

~~Registrant~~At ~~paid~~the ~~sales~~Closing, ~~commissions~~Purchaser toreleased ~~third~~Registrant ~~parties~~from ~~aggregating~~and ~~$283,200~~waived inall ~~connection~~claims ~~with~~and ~~the~~liability ~~sale~~which ofPurchaser ~~the~~may ~~Tumi~~have ~~Building~~against ~~to Purchaser.~~ Registrant ~~also~~for ~~paid~~any ~~operating adjustments~~structural, ~~escrow~~physical ~~fees, transfer taxes,~~ and ~~title~~environmental ~~charges~~condition ~~aggregating~~of ~~approximately~~the ~~$171,500~~Mercury inInsurance ~~connection~~Group ~~with~~Building aincluding, ~~sale~~without oflimitation, the ~~Tumi~~presence, ~~Building. At Closing~~discovery, ~~Registrant~~or ~~also~~removal ~~paid~~of ~~outstanding~~any ~~real~~hazardous ~~estate~~materials ~~taxes~~in, ~~and~~at, ~~leasing~~about, ~~commissions~~or ~~related~~under to the ~~Tumi~~Mercury ~~Building~~Insurance ofGroup ~~approximately $295,300 and $40,400, respectively~~Building.

~~At Closing,~~ Registrant paid ~~down~~sales ~~the~~commissions ~~Fleet~~to ~~Loan~~third byparties aggregating $6138,~~517,500~~000 soin ~~that,~~connection ~~after~~with ~~all~~the ~~costs~~sale of the Mercury Insurance Group Building to Purchaser. In addition, ~~expenses~~Registrant has agreed to pay $69,000 ~~and~~to ~~payments~~Mr. Tom Fillmore, Registrant’s ~~received~~Property ~~net~~Manager/Leasing ~~proceeds~~Agent ~~aggregating~~for ~~approximately~~the $2Mercury Insurance Group Building,~~132,000~~ ~~from~~in connection with the sale of the ~~Tumi Building~~building. Registrant ~~intends~~also topaid ~~use~~operating ~~such~~adjustments, ~~proceeds~~escrow tofees, ~~augment~~transfer ~~working~~taxes, ~~capital~~title insurance premium, ~~including~~and ~~the~~other ~~funding~~customary ofclosing ~~tenant~~costs ~~improvements~~aggregating atapproximately ~~its~~$23,100 ~~properties~~in ~~and~~connection ~~reducing~~with ~~accounts~~the ~~payable~~sale ~~and~~of ~~accrued~~the ~~expenses~~Mercury Insurance Group Building.

~~Registrant~~At ~~acquired~~Closing, ~~the~~Registrant ~~Tumi~~paid ~~Building~~outstanding inleasing ~~December~~commissions ~~1986~~and ~~for~~tenant aimprovements ~~purchase~~to ~~price~~be ofperformed ~~approximately~~pursuant ~~$16,473,000,~~to ~~inclusive~~an ofamendment ~~acquisition~~to ~~fees. At~~Marathon’s ~~December~~lease ~~31,~~at ~~2003,~~ the ~~Tumi~~Mercury Insurance Group Building ~~had~~in athe ~~book~~approximate ~~value~~amount of ~~approximately~~$10,400 and $862,~~987,~~000, ~~net~~respectively. Registrant ofagreed ~~accumulated~~to ~~depreciation~~indemnify, defend, and ahold ~~write-down~~harmless ofPurchaser ~~$2,635,000~~from toany ~~reduce~~claims made by the ~~carrying~~contractor ~~amount~~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 ~~Tumi~~Mercury Insurance Group Building toin ~~fair~~the ~~value~~approximate atamount ~~December~~of 31$26, ~~2003~~800.

~~Item~~At 2Closing, Registrant paid approximately $6,078,700 to satisfy in full the Bank of America Loan.06 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. ~~Material~~ Registrant ~~Impairments~~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’s ~~General~~acquired ~~Partners,~~the inMercury ~~consultation~~Insurance ~~with~~Group ~~the~~Building ~~principal~~in ~~accountant~~March to1986 ~~audit~~for ~~Registrant’s~~a ~~financial~~purchase ~~statements~~price of approximately $10,736,000, ~~have~~inclusive ~~concluded~~of ~~that~~acquisition afees. At ~~material~~December ~~impairment~~31, to2004, ~~two~~the ofMercury ~~Registrant’s~~Insurance ~~properties~~Group isBuilding ~~required~~had asa atbook ~~December~~value ~~31,~~estimated ~~2003~~at ~~under~~approximately ~~generally~~$7,298,000, ~~accepted~~net ~~accounting~~of ~~principles~~accumulated depreciation.

Registrant is currently working on completing its Annual Report on Form 10-K for the year ended December 31, 2003, which will reflect this material charge for impairment. In connection with the preparation of its annual report, and upon the execution on or about January 31, 2005 of a Purchase and Sale Agreement for the sale of the Tumi Building, the General Partners concluded that this material charge is required. In connection with the execution on or about March 29, 2005 of an amendment to the Purchase and Sale Agreement, and the Closing on April 25, 2005, Registrant granted Purchaser a credit against the Purchase Price. As a result, Registrant’s General Partners, in consultation with the principal accountant to audit Registrant’s financial statements, have revised the amount of the impairment charge.

The impaired assets are the following two (2) office buildings: the Directory Building, net leased to Verizon Directories Corp. in Las Colinas, Texas, which was sold by Registrant on October 18, 2004; and the Tumi Building, a multi-tenant facility in South Plainfield, New Jersey, which was sold by Registrant on April 25, 2005.

Without an impairment charge, the Directory Building would have had a book value at December 31, 2003 of approximately $17,437,000, net of accumulated depreciation. Registrant realized net sales proceeds of approximately $15,542,000 (after a rent refund, sales commissions, and other closing adjustments and expenses), so the General Partners determined to write-down the Directory Building at December 31, 2003 by the amount of $1,895,000. The amount of this impairment write-down has not changed from the amount reported in Registrant’s Current Report on Form 8-K dated January 31, 2005.

Without an impairment charge, the Tumi Building would have had a book value at December 31, 2003 of approximately $11,622,000, net of accumulated depreciation. Registrant realized net sales proceeds of approximately $8,987,000 (after a credit granted to Purchaser against the Purchase Price, sales commissions, and other closing adjustments and expenses), so the General Partners determined to write-down the Tumi Building at December 31, 2003 by the amount of $2,635,000. The amount of this impairment write-down has been increased by $303,000 from the amount reported in Registrant’s Current Report on Form 8-K dated January 31, 2005.

The impairment of the Directory Building and the Tumi Building did not result in any future cash expenditures by Registrant.

Item 9.01.

Financial Statements and Exhibits.

(c)	Exhibits.
	2.1	Purchase and Sale Agreement dated as of January 28, 2005 between Registrant and Vision Systems Group, Inc., incorporated by reference to Exhibit 2 to Registrant’s Current Report on Form 8-K dated January 31, 2005.
	2.2	Amendment to Purchase and Sale Agreement dated as of March 29, 2005 between Registrant and Vision Systems Group, Inc.

(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.

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.
	By:	1345 REALTY CORPORATION, Corporate General Partner
	By:	/s/ ROBERT F. GOSSETT, JR.
	Name:	Robert F. Gossett, Jr.
	Title:	President
Dated: April 26, 2005

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

Dated: January 4, 2006

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