Transaction Highlights: July 2022

1 min read

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

Madison Centre 2. Image courtesy of Barings and Schnitzer West

SALES

PropertyAsset TypeLocationBuyerSellerNotes / Arranged ByValueDate Announced
Madison CentreOfficeSeattleBoston PropertiesSchnitzer West, BaringsNewmark arranged the transaction.$730 Million17-May
550 Terry FrancoisOfficeSan FranciscoDivcoWestGap$356 Million4-May
Brooklyn Logistics CenterIndustrialBrooklyn, N.Y.CBRE Investment ManagementWildflower$228 Million26-April
1101 WestlakeOfficeSeattleBioMed RealtyInvesco Real EstateNewmark facilitated the deal.$152 Million29-April
Middlebrook CrossroadsIndustrialBound Brook, N.J.Starwood Capital GroupTerreno Realty$110 Million2-May
9151 East Panorama CircleOfficeCentennial, Colo.Drawbridge Realty TrustWarba Bank$106 Million18-April

FINANCING

PropertyAsset TypeLocationType of FinancingLenderArranged ByBorrower / NotesAmountDate Announced
A 20-property PortfolioIndustrialNationalRefinanceMorgan StanleyBrookfield Properties$566 Million4-May
CURE.OfficeNew York, N.Y.RefinanceAIGDeerfield$440 Million25-April
Bell WorksOffice Holmdel, N.J.RefinanceCitibankMeridian Capital GroupSomerset Development$210 Million20-April
Foundry at DrydockOffice BostonConstructionCitizens Bank National AssociationJLLMarcus Partners$194 Million25-April
Market StationOffice DenverRefinancePacific Life Insurance Co.JLLContinuum Partners, Clarion Partners$130 Million12-May
Lexington Corporate CenterOfficeLexington, Mass.RefinanceACORE CapitalSingerman Real Estate$119 Million25-April

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

Read the July 2022 issue of CPE.

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