Transaction Highlights: December 2021
November 30, 2021
A coast-to-coast roundup of noteworthy office and industrial deals.
SALES
Property | Asset Type | Location | Buyer | Seller | Notes / Arranged By | Value | Date Announced |
Googleplex | Office | Manhattan | Oxford Properties Group | – | $2.1 Billion | 1-October | |
West 8th | Office | Seattle | Kilroy Realty | DWS | – | $490 Million | 20-August |
Cupertino Office Portfolio | Office | Cupertino, Calif. | Apple | Berg & Berg Enterprises | – | $450 Million | 24-September |
The Alexandria Center | Office | Seattle | Clarion Partners | Alexandria Real Estate Equities | Newmark arranged the transaction. | $364 Million | 22-September |
Logan North Industrial Park – Building H | Industrial | Logan Township, N.J. | Torchlight Investors | Greek Development | – | $265 Million | 30-September |
500 L’Enfant Plaza | Office | Washington, D.C. | Deka Immobilien | JBG Cos. | Deutsche Bank provided financing. | $167 Million | 22-September |
FINANCING
Property | Asset Type | Location | Type of Financing | Lender | Arranged By | Borrower / Notes | Amount | Date Announced |
4 World Trade Center | Office | Manhattan | Refinancinge | Port Authority of New York & New Jersey | – | Silverstein Properties | $1.4 Billion | 8-October |
Fifty South Sixth | Office | Minneapolis, Minn. | Refinancing | OCBC Bank | – | Mapletree US Management | $845 Million | 20-September |
Boston Seaport | Office | Boston | Construction | Citizens Financial Group | – | WS Development | $575 Million | 22-September |
UBS Tower | Office | Chicago | Refinancing | Bank of America | – | Irvine Co. | $353 Million | 23-September |
Neuhoff | Office | Nashville, Tenn. | Construction | Bank OZK | – | New City Properties | $313 Million | 5-October |
Alliance Gateway Portfolio | Industrial | Fort Worth, Texas | Refinancinge | Prudential Finance | – | Hillwood | $203 Million | 5-October |
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