Transaction Highlights: October 2021

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

725 Ponce. Image courtesy of New City Properties
725 Ponce. Image courtesy of New City Properties

SALES

PropertyAsset TypeLocationBuyerSellerNotes/Arranged ByValueDate Announced
Industrial/Office Portfolio (29 Properties) Industrial, Office NationwideMapletree US ManagementSila Realty Trust$1.3 Billion22-July
The BEATOfficeBostonBeacon Capital PartnersAlcion Ventures$363 Million19-August
1111 BroadwayOfficeOakland, Calif.Swift Real Estate PartnersEllis Partners$325 Million16-August
725 PonceOfficeAtlantaCousinsNew City PropertiesThe buyer provided a self-financed acquisition loan.$300 Million2-August
520 AlmanorOfficeSunnyvale, Calif.GI PartnersLane PartnersEastdil Secured represented the seller.$254 Million20-July
One South at The PlazaOfficeCharlotte, N.C.Tourmaline Capital PartnersCousinsCBRE represented the seller.$272 Million29-July

FINANCING

PropertyAsset TypeLocationType of FinancingLenderArranged ByBorrower / NotesAmountDate Announced
One SoHo SquareOfficeManhattanRefinanceGoldman SachsStellar Management$785 Million29-July
Terminal Stores OfficeManhattan Refinance Blackstone GroupColumbia Property Trust$731 Million21-August
1301 Avenue of the Americas Office Manhattan Refinance Wells Fargo, Morgan StanleyEastdil Secured arranged the financing.Paramount Group$860 Million20-August
DC Office Portfolio (12 Properties) OfficeWashington, D.C. Acquisition JPMorgan ChaseBrookfield Properties$443 Million26-July
The NationalOfficeDallasRefinanceStarwood Capital GroupTodd Interests$245 Million9-August
1450 BroadwayOfficeManhattanCMBSBank of MontrealNewmark arranged the financing.The Zar Group$215 Million25-August

To have your transaction featured, submit details to Jeffrey.Hamann@cpe-mhn.com.

Read the October 2021 issue of CPE.

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