Transaction Highlights: June 2022

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

10 World Trade. Image courtesy of JLL Capital Markets

SALES

PropertyAsset TypeLocationBuyerSellerNotes / Arranged ByValueDate Announced
One CulverOfficeCulver City, Calif.EQ OfficeLBA Realty$426 Million25-March
Universal Building South & NorthOfficeWashington, D.C.Post BrothersJBG SMITH$204 Million8-April
Academy Sports + Outdoors Corporate Distribution CenterIndustrialKaty, TexasMirae Asset Financial GroupTratt PropertiesNewmark arranged the transaction.$190 Million14-April
UBS TowerOfficeNashville, Tenn.KBS Realty AdvisorsShorensteinCushman & Wakefield represented the seller.$175 Million8-April
2550 M Street NWOfficeWashington, D.C.Nome VenturesMenlo Equities$153 Million31-March
Spectrum CenterOfficeAddison, TexasAcram Group, Oak Hill AdvisorsGranite PropertiesJLL Capital Markets facilitated the deal.$114 Million1-April

FINANCING

PropertyAsset TypeLocationType of FinancingLenderArranged ByBorrower / NotesAmountDate Announced
Manhattan PortfolioOffice New York, N.Y.AcquisitionGuggenheim Life and Annuity Co.Extell Development$850 Million29-March
1540 BroadwayOfficeNew York, N.Y.RefinanceMSD CapitalNewmarkEDGE Fund Advisors, HSBC$590 Million4-April
10 World TradeOffice BostonConstructionAIGJLL Capital MarketsBoston Global Investors$383 Million29-March
23SpringsOffice Dallas, TexasConstructionBank OZKJLL Capital MarketsGranite Properties$265 Million1-April
MOB portfolioOffice NationalAcquisitionCapital OneAnchor Health Properties$200 Million1-April
Seattle PortfolioIndustrialSeattle and Puyallup, Wash.RefinanceU.S. BankBrookfield Properties$154 Million31-March

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

Read the June 2022 issue of CPE.

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