Transactions: October 2020
A selection of noteworthy deals announced between July 9 and August 28.
Coleman Highline. Image courtesy of Hunter Storm
SALES
| Property | Asset Type | Location | Buyer | Seller | Notes/Arranged By | Value | Date Announced |
| CNA Headquarters | Office | Chicago | SHVO/Deutsche Finance America | The John Buck Co./Morgan Stanley | AIG and Goldman Sachs provided financing. | $376 Million | 12-Aug |
| Reservoir Woods East Campus | Office | Waltham, Ma. | Alexandria Real Estate Equities | Marcus Partners/The Davis Cos. | Newmark Knight Frank brokered the sale. | $330 Million | 26-Aug |
| Dallas Global Industrial Center | Industrial | Dallas | VEREIT/Ocean West Capital Partners | NorthPoint Development | CBRE represented both parties. | $246.7 Million | 11-Aug |
| The Offices at Metropark – 194 Wood Ave. S. | Office | Iselin, N.J. | Opal Holdings | AIG Global Real Estate | Cushman & Wakefield represented the seller. | $140 Million | 28-Aug |
| Village Center Station III – CoBank Center | Office | Greenwood Village, Colo. | Sentinel Real Estate | GLL Real Estate Partners | – | $120 Million | 3-Aug |
| 900 Corporate Pointe | Office | Culver City, Calif. | Northwood Investors | Symantec | Cushman & Wakefield brokered the sale and negotiated financing. | $120 Million | 29-Jul |
FINANCING
| Property | Asset Type | Location | Type of Financing | Lender | Arranged by | Borrower / Notes | Amount | Date Announced |
| One Manhattan West | Office | Manhattan | Refinance | Deutsche Bank, Wells Fargo, Barclays, Citi Real Estate & JPMorgan | – | Brookfield Properties | $1.8 Billion | 13-Aug |
| One Vanderbilt | Office | Manhattan | Construction | Wells Fargo | – | SL Green Realty | $575 Million | 9-Jul |
| Morgan Lewis & Bockius Headquarters | Office | Philadelphia | Construction | Citizens Bank | Meridian Capital Group | Parkway Corp. | $187 Million | 12-Aug |
| Coleman Highline – Buildings 3 & 4 | Office | San Jose, Calif. | Refinance | Deutsche Bank & Goldman Sachs | – | Hunter Properties | $155 Million | 7-Aug |
| Solar Carve Tower | Office | Manhattan | Refinance | Deutsche Pfandbriefbank | – | William Gottlieb Real Estate/Aurora Capital Associates | $150 Million | 14-Jul |
| 3030 Nebraska Ave. | Office | Santa Monica, Calif. | Construction | Madison Realty Capital | Avison Young brokered the loan with RST Capital Partners advising. | WS Communities | $150 Million | 10-Jul |
To have your transaction featured, submit details to Jeffrey.Hamann@cpe-mhn.com.
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