Transaction Highlights: January 2022

A coast-to-coast roundup of noteworthy office and industrial deals.

Lowe's Global Technology Center. Image courtesy of Lowe's
Lowe’s Global Technology Center. Image courtesy of Lowe’s


PropertyAsset TypeLocationBuyerSellerNotes/Arranged ByValueDate Announced
CBS BuildingOfficeManhattanHarbor Group InternationalCBSCBRE represented the seller.$760 Million26-October
Lowe’s Global Technology CenterOfficeCharlotte, N.C.Apollo Global ManagementChildress KleinJLL brokered the sale.$318 Million23-November
999 PeachtreeOfficeAtlantaPiedmont Office Realty TrustFranklin Street Properties$224 Million25-October
Tasman Technology ParkOfficeMilpitas, Calif.Washington HoldingsOrchard CommercialNewmark brokered the sale.$170 Million21-October
10 Twin Dolphin DriveOfficeRedwood City, Calif.IQHQOracle$164 Million12-November
The Cubes at Inland 85 Logistics Center – Building C IndustrialGreer, S.C.PRP Real Estate Investment ManagementClayco$119 Million4-November


PropertyAsset TypeLocationType of FinancingLenderArranged ByBorrower / NotesAmountDate Announced
1290 Avenue of the AmericasOfficeManhattanCMBSJPMorgan Chase, Citi, Goldman Sachs, Bank of MontrealCushman & Wakefield represented the borrower.Vornado Realty Trust, The Trump Organization$950 Million17-November
Atkore HeadquartersIndustrialHarvey, Ill.RefinanceJPMorgan ChaseAtkore International$840 Million25-October
Park Avenue PlazaOffice ManhattanRefinanceMorgan StanleyFisher Brothers$575 Million28-October
30 Hudson YardsOfficeManhattanRefinanceThe Carlyle GroupRelated Cos.$391 Million21-October
Novo Nordisk U.S. HeadquartersOffice Plainsboro, N.J.RefinanceDeutsche BankCushman & Wakefield arranged the financing.Hana Financial Group$211 Million17-November
Ivy Station – 8900 Venice Blvd. Mixed Use Culver City, Calif.RefinanceApollo Global ManagementLowe$205 Million28-October

To have your transaction featured, submit details to Agota Felhazi at [email protected].

Read the January 2022 issue of CPE.

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