Transactions: June 2021
June 3, 2021
A selection of noteworthy office and industrial deals.
SALES
Property | Asset Type | Location | Buyer | Seller | Notes/Arranged By | Value | Date Announced |
The Exchange on 16th | Office | San Francisco | KKR | Kilroy Realty | Goldman Sachs and JPMorgan provided financing. | $1 Billion | 30-March |
The Village at San Antonio Center | Office | Mountain View, Calif. | Brookfield Properties | Merlone Geier Partners | Goldman Sachs, Column Financial and Societe Generale provided financing. | $630 Million | 2-April |
2 300 Pine | Office | Seattle | Starwood Capital Group | Shorenstein Properties | Eastdil Secured represented the seller. | $580 Million | 1-April |
700 Santana Row | Office | San Jose, Calif. | Federal Realty Investment Trust | Longships Capital Partners | – | $365 Million | 15-April |
930 West Evergreen Ave.1835 US Route 9930 West Evergreen Ave. | Industrial | Castleton-on-Hudson, N.Y. | Scannell Properties | Greenfield Partners | – | $125 Million | 9-April |
Boren Office Lofts | Office | Seattle | Trammell Crow | Armstrong World Industries | – | $119 Million | 8-April |
FINANCING
Property | Asset Type | Location | Type of Financing | Lender | Arranged by | Borrower / Notes | Amount | Date Announced |
Amazon Portfolio (19 Properties) | Industrial | Nationwide | CMBS | UMB Bank (trustee) | – | Fortress Investment Group | $3.5 Billion | 18-March |
Life Sciences Portfolio (17 Properties) | Office | Boston, San Diego, San Francisco | CMBS | Deutsche Bank | – | BioMed Realty | $2 Billion | 9-March |
1133 Ave. of the Americas & 114 W. 47th St. | Office | Manhattan | Refinance | Citibank, Bank of America, Wells Fargo | – | Durst Organization | $1.1 Billion | 6-April |
Burlingame Point | Office | Burlingame, Calif. | Refinance | Goldman Sachs, JPMorgan Chase, Deutsche Bank, Athene USA | Cushman & Wakefield arranged the financing. | Kylli | $750 Million | 6-April |
One & Two Charles Park | Office | Cambridge, Mass. | Acquisition, Redevelopment | Blackstone Group | – | The Davis Cos., Principal Real Estate Investors | $490.8 Million | 19-March |
The Crescent | Office | Dallas | Acquisition | Goldman Sachs, Deutsche Bank | – | Crescent Real Estate | $465 Million | 23-March |
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