Transactions: June 2021

A selection of noteworthy office and industrial deals.

The Crescent. Image courtesy of Crescent Real Estate
The Crescent. Image courtesy of Crescent Real Estate

SALES

PropertyAsset TypeLocationBuyerSellerNotes/Arranged ByValueDate Announced
The Exchange on 16thOfficeSan FranciscoKKRKilroy RealtyGoldman Sachs and JPMorgan provided financing.$1 Billion30-March
The Village at San Antonio CenterOfficeMountain View, Calif.Brookfield PropertiesMerlone Geier PartnersGoldman Sachs, Column Financial and Societe Generale provided financing.$630 Million2-April
2 300 PineOfficeSeattleStarwood Capital GroupShorenstein PropertiesEastdil Secured represented the seller.$580 Million1-April
700 Santana RowOfficeSan Jose, Calif.Federal Realty Investment TrustLongships Capital Partners$365 Million15-April
930 West Evergreen Ave.1835 US Route 9930 West Evergreen Ave.IndustrialCastleton-on-Hudson, N.Y.Scannell PropertiesGreenfield Partners$125 Million9-April
Boren Office LoftsOfficeSeattleTrammell CrowArmstrong World Industries$119 Million8-April

FINANCING

PropertyAsset TypeLocationType of FinancingLenderArranged byBorrower / NotesAmountDate Announced
Amazon Portfolio (19 Properties)IndustrialNationwideCMBSUMB Bank (trustee)Fortress Investment Group$3.5 Billion18-March
Life Sciences Portfolio (17 Properties)OfficeBoston, San Diego, San FranciscoCMBSDeutsche BankBioMed Realty$2 Billion9-March
1133 Ave. of the Americas & 114 W. 47th St.OfficeManhattanRefinanceCitibank, Bank of America, Wells FargoDurst Organization$1.1 Billion6-April
Burlingame PointOfficeBurlingame, Calif.RefinanceGoldman Sachs, JPMorgan Chase, Deutsche Bank, Athene USACushman & Wakefield arranged the financing.Kylli$750 Million6-April
One & Two Charles ParkOfficeCambridge, Mass.Acquisition, RedevelopmentBlackstone GroupThe Davis Cos., Principal Real Estate Investors$490.8 Million19-March
The CrescentOfficeDallasAcquisitionGoldman Sachs, Deutsche BankCrescent Real Estate$465 Million23-March

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

Read the June 2021 issue of CPE.

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