Transaction Highlights: October 2022

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

The Foundry I and II. Image courtesy of Tishman Speyer

SALES

PropertyAsset TypeLocationBuyerSellerNotes/Arranged ByValueDate Announced
Rancho Vista Corporate CenterOfficeSan DiegoAppleSwift Real Estate Partners –$445 Million26-Jul
The Webb @ LBJOfficeDallasEvoque Data Center SolutionsDigital Realty –$205 Million16-Aug
Legacy Union – 650 South TryonOfficeCharlotte, N.C.Highwoods PropertiesLincoln Harris, Goldman Sachs Asset ManagementThe buyer closed the deal on 08/17.$201 Million10-May
The Foundry I&IIOfficeAustin, TexasBeacon Capital PartnersTishman SpeyerCushman & Wakefield represented the seller in the transaction.$200 Million11-Aug
Elliot 202IndustrialMesa, Ariz.California State Teachers’ Retirement SystemMarwest Enterprises –$187 Million15-Aug
1245 Beech RoadIndustrialNew Albany, OhioPreylock Real Estate HoldingsVanTrust Real Estate –$157 Million26-Jul

FINANCING

PropertyAsset TypeLocationType of FinancingLenderArranged ByBorrower / NotesAmountDate Announced
Vantage Ashburn Data Center Campus VA 11IndustrialDulles, Va.RefinanceWilmington Trust –Vantage Data Centers$499 Million2-Aug
23-30 Borden Ave.IndustrialLong Island City, N.Y.ConstructionStarwood Capital Group, JPMorgan ChaseEastdil Secured Innovo Property Group, Atalaya Capital Management, Nan Fung Group$435 Million25-Jul
California PortfolioIndustrialNationalRefinanceNew York Life Insurance Company –AXA Real Estate, Dermody Properties$355 Milion27-Jul
1601 BroadwayOfficeNew York, N.Y.RefinanceArgent Ventures –Vornado Realty Trust$320 Million26-Jul
Waikiki Galleria TowerOfficeHonoluluAcquisitionMaruito Group USA –BlackSand Capital$185 Million30-Jul
James R. Thompson CenterOfficeChicagoAcquisitionGoogle –The Prime Group$156 Million28-Jul

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

Read the October 2022 issue of CPE.

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