Transaction Highlights: November 2021

October 28, 2021

Two Financial Center. Image courtesy of ASB Real Estate Investments

Property	Asset Type	Location	Buyer	Seller	Notes/Arranged By	Value	Date Announced
One Memorial	Office	Cambridge, Mass.	MetLife Real Estate Investment, Norges Bank Investment Management	Oxford Properties Group, JPMorgan Chase	–	$825 Million	26-August
PG&E Headquarters	Office	San Francisco	Hines Interests	Pacific Gas and Electric Corp.	CBRE represented the seller.	$800 Million	31-August
Safeco Plaza	Office	Seattle	Boston Properties	Vestas Investment Management	CBRE represented the seller.	$465 Million	3-September
153 Townsend Street	Office	San Francisco	Ellis Partners	American Realty Advisors	Northwestern Mutual provided financing.	$225 Million	14-September
Two Financial Center	Office	Boston	Nan Fung Group	Lincoln Property Co., ASB Real Estate Investments	–	$210 Million	27-August
3100 Lomita Blvd	Industrial	Torrance, Calif.	Rexford Industrial	Private Investor	–	$182 Million	23-August

Property	Asset Type	Location	Type of Financing	Lender	Arranged By	Borrower / Notes	Amount	Date Announced
Los Angeles Office Portfolio (4 Properties)	Office	Los Angeles	Refinance	Wells Fargo	–	Douglas Emmett	$625 Million	20-August
The Artise	Office	Bellevue, Wash.	Construction	KKR	JLL arranged the financing.	Schnitzer West	$521 Million	14-September
The Jacx	Office	Long Island City, N.Y.	CMBS	Bank of America	–	Tishman Speyer	$425 Million	20-August
National Office Portfolio (27 Properties)	Office	Nationwide	Refinance	PNC Bank	–	Menlo Equities	$400 Million	8-September
Bronx Logistics Center	Industrial	Bronx	Construction	KKR	JLL arranged the financing.	Dune Real Estate Partners	$381 Million	27-August
10 Times Square	Office	Manhattan	Refinance	Deutsche Bank	–	L.H. Charney Associates	$241 Million	13-September