Transaction Highlights: April 2022

March 30, 2022

Waterfront Corporate Center I. Image courtesy of SJP Properties

Property	Asset Type	Location	Buyer	Seller	Notes / Arranged By	Value	Date Announced
LogistiCenter at I-95 Wilmington	Industrial	Wilmington, Del.	Macquarie Group	Dermody Properties	–	$392 Million	16-February
70 Hudson St.	Office	Jersey City, N.J.	Vision Properties, Hana Alternative Asset Management	PFA Pension, Spear Street Capital	Cushman & Wakefield facilitated the sale.	$300 Million	14-February
1200 Broadway	Office	Nashville, Tenn.	Intercontinental Real Estate	Endeavor Real Estate Group	–	$295 Million	28-January
Waterfront Corporate Center I	Office	Hoboken, N.J.	SJP Properties, David Werner Real Estate Investments	Veris Residential	Cushman & Wakefield brokered the transaction.	$218 Million	25-January
2300 N. St.	Office	Washington, D.C.	Oaktree Capital Management	Lincoln Property Co.	–	$153 Million	28-January
200 W. Jackson Blvd.	Office	Chicago	Nightingale Properties	Angelo, Gordon & Co., White Oak Realty	CrowdStreet financed part of the acquisistion.	$130 Million	1-February

Property	Asset Type	Location	Type of Financing	Lender	Arranged By	Borrower / Notes	Amount	Date Announced
3001 Midpoint Drive	Industrial	Lancaster, Texas	Construction	Capital One	–	KKR	$350 Million	27-January
Four 106 – Office Tower	Office	Bellevue, Wash.	Acquisition	Blackstone Group	JLL	Patrinely Group, Dune Real Estate Partners	$271 Million	27-January
Cedars – Sinai Medical Office Towers	Office	Los Angeles	Refinance	Citibank	–	The RMR Group	$267 Million	1-February
22360 Goldencrest Drive	Industrial	Moreno Valley, Calif.	Refinance	Deutsche Bank	–	Fortress Investment Group	$250 Million	1-February
120-150 Industrial Road	Office	San Carlos, Calif.	Acquisition	KKR	–	Graymark Capital, BentallGreenOak	$195 Million	3-February
Bank of America Plaza	Office	Tampa, Fla.	Refinance	CIM Group	–	Banyan Street Capital	$175 Million	21-January