Transaction Highlights: November 2021

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

Two Financial Center. Image courtesy of ASB Real Estate Investments

SALES

PropertyAsset TypeLocationBuyerSellerNotes/Arranged ByValueDate Announced
One MemorialOfficeCambridge, Mass.MetLife Real Estate Investment, Norges Bank Investment ManagementOxford Properties Group, JPMorgan Chase$825 Million26-August
PG&E HeadquartersOfficeSan FranciscoHines InterestsPacific Gas and Electric Corp.CBRE represented the seller.$800 Million31-August
Safeco PlazaOfficeSeattleBoston PropertiesVestas Investment ManagementCBRE represented the seller.$465 Million3-September
153 Townsend StreetOfficeSan FranciscoEllis PartnersAmerican Realty AdvisorsNorthwestern Mutual provided financing.$225 Million 14-September
Two Financial CenterOfficeBostonNan Fung GroupLincoln Property Co., ASB Real Estate Investments$210 Million27-August
3100 Lomita BlvdIndustrialTorrance, Calif.Rexford IndustrialPrivate Investor$182 Million23-August

FINANCING

PropertyAsset TypeLocationType of FinancingLenderArranged ByBorrower / NotesAmountDate Announced
Los Angeles Office Portfolio (4 Properties)OfficeLos AngelesRefinanceWells FargoDouglas Emmett$625 Million20-August
The Artise OfficeBellevue, Wash.ConstructionKKRJLL arranged the financing.Schnitzer West$521 Million14-September
The Jacx Office Long Island City, N.Y.CMBSBank of AmericaTishman Speyer$425 Million20-August
National Office Portfolio (27 Properties) OfficeNationwide Refinance PNC BankMenlo Equities$400 Million8-September
Bronx Logistics CenterIndustrialBronxConstruction KKR JLL arranged the financing.Dune Real Estate Partners$381 Million27-August
10 Times SquareOfficeManhattanRefinanceDeutsche BankL.H. Charney Associates$241 Million13-September

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

Read the November 2021 issue of CPE.

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