Transaction Highlights: November 2022

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

75 Rockefeller Plaza. Image courtesy of RXR Realty


PropertyAsset TypeLocationBuyerSellerNotes/Arranged ByValueDate Announced
Biogen – Building 8OfficeCambridge, Mass.Boston PropertiesBiogen –$603 Million16-Sep
601 Massachusetts Ave. NWOfficeWashington, D.C.Mori TrustBoston Properties –$531 Million30-Aug
The Lipstick BuildingOfficeNew York, N.Y.Memorial Sloan Kettering Cancer CenterSL Green Realty –$458 Million6-Sep
7000 Shoreline CourtOfficeSouth San Francisco, Calif.GI PartnersAlexandria Real Estate Equities –$170 Million16-Sep
458-486 E. Lambert RoadIndustrialFullerton, Calif.GCPBlackRock –$156 Million8-Sep
3 MetroTech CenterOfficeBrooklyn, N.Y.New York UniversityJP Morgan Asset Management –$122 Million14-Sep


PropertyAsset TypeLocationType of FinancingLenderArranged ByBorrower / NotesAmountDate Announced
Five Times SquareOfficeNew York, N.Y.RefinanceMorgan Stanley, Apollo, AIG –RXR Realty, SL Green$1.3 Billion8-Sep
State Street Financial CenterOfficeBostonRefinanceMSD Capital –Fortis Property Group$763 Million15-Sep
Gateway 303 – Building A & BIndustrialGoodyear, Ariz.ConstructionTruist Bank –MDH Partners$650 Million23-Aug
75 Rockefeller PlazaOfficeNew York, N.Y.RefinanceBank of America, CarlyleNewmarkRXR Realty $260 Million31-Aug
Boynton GatewayOfficeBostonConstructionBrookfield Asset ManagementJLL Capital Markets CV Properties, Cannon Hill Capital Partners, L&B Realty Advisors$222 Million14-Sep
1237 West DivisionIndustrialChicagoConstructionWells Fargo Bank, Inland Bank and Trust, Associated Bank –Logistics Property Co.$150 Million22-Aug

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

Read the November 2022 issue of CPE.

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