Transaction Highlights: May 2022

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

Las Olas Square. Image courtesy of CP Group

SALES

PropertyAsset TypeLocationBuyerSellerNotes / Arranged ByValueDate Announced
Bank of America PlazaOfficeAtlantaCP Group, HPS Investment PartnersShorenstein$491 Million1-March
100 West Putnam Ave.OfficeGreenwich, Conn.Apollo Global ManagementRockpoint Group$200 Million18-March
Candler TowerOfficeNew York, N.Y.Yellowstone Real Estate InvestmentsEPIC$161 Million24-March
1951 Harbor Bay ParkwayOfficeAlameda, Calif.Stockbridge Capital GroupsrmErnst$159 Million1-March
Las Olas SquareOfficeFort Lauderdale, Fla.CP Group, Related Fund ManagementSquare2 Capital, Apollo Global Management and Steelbridge Capital$145 Million17-March
NorthBay Logistics Center II – Building 1IndustrialVacaville, Calif.Nuveen Real EstateLDK Ventures, PCCPCushman & Wakefield arranged the sale.$111 Million15-March

FINANCING

PropertyAsset TypeLocationType of FinancingLenderArranged ByBorrower / NotesAmountDate Announced
11-Property Multi-state PortfolioIndustrialNationalRefinanceBarclays, Column Financial, Societe GeneraleLink Logistics$900 Million11-March
550 Madison Ave.OfficeNew York, N.Y.RefinanceING GroupThe Olayan Group, Chelsfield Group$570 Million25-January
7 World Trade CenterOffice New York, N.Y.RefinanceBank of New York MellonSilverstein Properties$458 Million15-March
4108 West Ferguson RoadIndustrialFort Wayne, Ind.AcquisitionPrivate LenderFarallon Capital Management$374 Million25-February
Patrick Henry BuildingOffice Washington, D.C.RefinanceDeutsche PfandbriefbankTishman Speyer$259 Million7-March
Dreamworks Animation StudiosOfficeGlendale, Calif.RefinanceApollo BankBrookfield Properties$212 Million7-March

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

Read the May 2022 issue of CPE.

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