Transaction Highlights: March 2022

March 1, 2022

Honeywell Tower. Image courtesy of Clear Sky Images

Property	Asset Type	Location	Buyer	Seller	Notes / Arranged By	Value	Date Announced
Stanford Research Park – 3301-3307 Hillview Ave.	Office	Palo Alto, Calif.	Alexandria Real Estate Equities	Morgan Stanley	–	$446 Million	6-January
Congress Square	Office	Boston	Hana Financial Group, KTB Asset Management	Related Cos.	Hodges Ward Elliott arranged the 95 percent interest sale.	$342 Million	27-December
Dreamworks Animation Studios	Office	Glendale, Calif.	Brookfield Properties	Ocean West Capital Partners	–	$327 Million	21-December
360 Park Ave.	Office	New York, N.Y.	Empire Business Management, Boston Properties	Enterprise Asset Management	–	$300 Million	30-December
1800 Larimer	Office	Denver	Beacon Capital Partners	Invesco Real Estate	–	$291 Million	19-January
Veterans Point	Industrial	Bolingbrook, Ill.	KKR	Crow Holdings	–	$155 Million	21-December

Property	Asset Type	Location	Type of Financing	Lender	Arranged By	Borrower / Notes	Amount	Date Announced
52nd Street Portfolio	Office	Manhattan, N.Y.	Refinancing	Wilmington Trust	–	Fisher Brothers	$425 Million	6-January
The Bellwether District	Industrial	South Philadelphia West, Pa.	Construction	Pacific Coast Capital Partners	–	Hilco Real Estate, Caisse de dépôt et placement du Québec	$400 Million	27-December
One Wilshire	Office	Los Angeles	Refinancing	Goldman Sachs	JLL	GI Partners	$389 Million	28-December
Honeywell Tower	Office	Charlotte, N.C.	Acquisition	Citizens Financial Group	–	PRP Real Estate Investment Management	$180 Million	21-December
43TEN	Office	Long Island City, N.Y.	Acquisition	Square Mile Capital Management	–	Longfellow Real Estate Partners	$155 Million	30-December
816 Congress	Office	Austin, Texas	Acquisition	ACORE Capital	–	Regent Properties	$154 Million	22-December