Transaction Highlights: June 2022
May 31, 2022
A coast-to-coast roundup of noteworthy office and industrial deals.
SALES
Property | Asset Type | Location | Buyer | Seller | Notes / Arranged By | Value | Date Announced |
One Culver | Office | Culver City, Calif. | EQ Office | LBA Realty | – | $426 Million | 25-March |
Universal Building South & North | Office | Washington, D.C. | Post Brothers | JBG SMITH | – | $204 Million | 8-April |
Academy Sports + Outdoors Corporate Distribution Center | Industrial | Katy, Texas | Mirae Asset Financial Group | Tratt Properties | Newmark arranged the transaction. | $190 Million | 14-April |
UBS Tower | Office | Nashville, Tenn. | KBS Realty Advisors | Shorenstein | Cushman & Wakefield represented the seller. | $175 Million | 8-April |
2550 M Street NW | Office | Washington, D.C. | Nome Ventures | Menlo Equities | – | $153 Million | 31-March |
Spectrum Center | Office | Addison, Texas | Acram Group, Oak Hill Advisors | Granite Properties | JLL Capital Markets facilitated the deal. | $114 Million | 1-April |
FINANCING
Property | Asset Type | Location | Type of Financing | Lender | Arranged By | Borrower / Notes | Amount | Date Announced |
Manhattan Portfolio | Office | New York, N.Y. | Acquisition | Guggenheim Life and Annuity Co. | – | Extell Development | $850 Million | 29-March |
1540 Broadway | Office | New York, N.Y. | Refinance | MSD Capital | Newmark | EDGE Fund Advisors, HSBC | $590 Million | 4-April |
10 World Trade | Office | Boston | Construction | AIG | JLL Capital Markets | Boston Global Investors | $383 Million | 29-March |
23Springs | Office | Dallas, Texas | Construction | Bank OZK | JLL Capital Markets | Granite Properties | $265 Million | 1-April |
MOB portfolio | Office | National | Acquisition | Capital One | – | Anchor Health Properties | $200 Million | 1-April |
Seattle Portfolio | Industrial | Seattle and Puyallup, Wash. | Refinance | U.S. Bank | – | Brookfield Properties | $154 Million | 31-March |
To have your transaction featured, submit details to Agota Felhazi at agota.felhazi@yardi.com.
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