Transaction Highlights: March 2023

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

1001 Perimeter Summit. Image courtesy of JLL

1001 Perimeter Summit. Image courtesy of JLL


PropertyAsset TypeLocationBuyerSellerNotes/Arranged ByValueDate Announced
Gatehouse BioHubOfficeWaltham, Mass.Alexandria Real Estate EquitiesAstraZeneca –$273 Million29-Dec.
1001, 2002 and 4004 Perimeter SummitOfficeAtlantaSpear Street CapitalState StreetJLL represented the seller.$248 Million12-Jan.
Cherry Logistics CenterIndustrialNewark, Calif.BentallGreenOakMetLife Real Estate Investment –$138 Million23-Dec.
Newark Distribution CenterIndustrialNewark, N.J.Hines InterestsTurnbridge Equities, Long Wharf CapitalJLL arranged the sale.$128 Million29-Dec.
13204-13250 Philadelphia Ave.IndustrialFontana, Calif.BentallGreenOakMetLife Real Estate Investment –$127 Million22-Dec.
Rockefeller Group Logistics ParkIndustrialNorthampton, Pa.Link LogisticsRockefeller GroupJLL brokered the transaction.$91 Million28-Dec.


PropertyAsset TypeLocationType of FinancingLenderArranged ByBorrower / NotesAmountDate Announced
Sherwin Williams HQOfficeCleveland, OhioConstructionCGA Capital –Benderson Development Co.$892 Million30-Dec.
One Madison AvenueOfficeNew York, N.Y.ConstructionWells Fargo Bank –SL Green Realty$575 Million22-Dec.
Gulf Landing Logistics CenterIndustrialFort Myers, Fla.ConstructionBank OZK –Butters Group, BentallGreenOak$197 Million22-Dec.
Beaumont Crossroads Logistics Park II – Building 1IndustrialBeaumont, Calif.ConstructionTexas Citizens Bank –USAA Real Estate$152 Million13-Jan.
Interstate Crossing Logistics Center IndustrialSpartanburg, S.C.RefinanceMizuho Bank –EQT Exeter$145 Million29-Dec.
Middlefield CrossingOfficeMountain View, Calif.RefinanceCitibank –Prometheus Real Estate Group$84 Million13-Jan.

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

Read the March 2023 issue of CPE.

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