Transaction Highlights: February 2022
January 26, 2022
A coast-to-coast roundup of noteworthy office and industrial deals.
Hudson Commons. Image courtesy of Business Wire
SALES
| Property | Asset Type | Location | Buyer | Seller | Notes / Arranged By | Value | Date Announced |
| Hudson Commons | Office | Manhattan | CommonWealth Partners | Cove Property Group, Baupost Group | CBRE arranged the sale. | $1 Billion | 20-December |
| Sentinel Square III | Office | Washington, D.C. | USAA Real Estate | MetLife Real Estate Investment, Trammell Crow Co. | Cushman & Wakefield represented the buyer. | $305 Million | 9-December |
| Two Drydock | Office | Boston | KKR, Synergy Investments | Skanska | Newmark represented the seller in the transaction. | $235 Million | 20-December |
| Lincoln Harbor – 1000 Harbor Blvd. | Office | Weehawken, N.J. | Wharton Properties, KTB Investment & Securities | Hartz Mountain Industries | – | $219 Million | 10-December |
| BLT Financial Center – 200 Elm St. | Office | Stamford, Conn. | A.M. Property Holding, Northeast Capital Group | Building and Land Technology | – | $169 Million | 7-December |
| 268 E. Gardena Blvd. | Industrial | Carson, Calif. | CenterPoint Properties | Ducommun | CBRE facilitated the sale. | $143 Million | 20-December |
FINANCING
| Property | Asset Type | Location | Type of Financing | Lender | Arranged By | Borrower / Notes | Amount | Date Announced |
| 9303 Kirby Drive | Industrial | Houston | Refinancing | Societe Generale | – | Mapletree US Management | $2.1 Billion | 11-December |
| 601 Lexington | Office | Manhattan | Refinancing | Wells Fargo, Deutsche Bank, Morgan Stanley, Citigroup | – | Boston Properties, Norges Bank Investment Management | $1 Billion | 14-December |
| 425 Park Ave. | Office | Manhattan | Refinancing | Blackstone Group | JLL Capital Markets represented the borrowers. | L&L Holding Co., BentallGreenOak, Tokyu Land Corp. | $911 Million | 20-December |
| Town & County Business Park, Sealy 290 Distribution Point, 8800 Citypark Loops | Industrial | Houston and Hockley, Texas | Refinancing | New York Life Insurance Co. | – | Sealy & Co. | $465 Million | 15-December |
| Boca Raton Innovation Campus | Office | Boca Raton, Fla. | Acquisition | Bank of America | – | DRA Advisors, CP Group, Rialto Capital | $289 Million | 10-December |
| KSF Orthopaedic Center | Office | Houston | Refinancing | Capital One | – | Catalyst Healthcare Real Estate | $216 Million | 1-December |
To have your transaction featured, submit details to Agota Felhazi at [email protected].
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