Transactions: September 2021

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

Indeed Tower. Image courtesy of Kilroy Realty

SALES

PropertyAsset TypeLocationBuyerSellerNotes/Arranged ByValueDate Announced
Indeed Tower Office Austin, TexasKilroy RealtyTrammell CrowEastdil Secured and Allen Matkins represented the buyer.$580 Million24-June
Safeco PlazaOfficeSeattleBoston PropertiesVestas Investment Management$465 Million27-July
Symantec HeadquartersOfficeMountain View, Calif.TMG PartnersNortonLifeLockCushman & Wakefield secured acquisition financing.$358 Million15-July
1K FultonOfficeChicagoThe RMR GroupAmerican Realty Advisors$355 Million28-June
641 Avenue of the AmericasOfficeNew YorkSpear Street CapitalSL Green Realty$325 Million17-June
950 & 1000 West Maude AvenueOfficeSunnyvale, Calif.LinkedInDWS$323 Million1-July

FINANCING

PropertyAsset TypeLocationType of FinancingLenderArranged ByBorrower / NotesAmountDate Announced
One VanderbiltOfficeManhattanRefinanceWells Fargo, Goldman Sachs, Bank of America and othersSL Green Realty$3 Billion2-June
Industrial Portfolio (112 Properties)IndustrialNationwide Refinance Citibank, Goldman Sachs, Barclays, Bank of MontrealLink Logistics$1.6 Billion9-June
390 Madison Avenue Office Manhattan Refinance New York State Common Retirement FundClarion Partners$600 Million17-June
Medical Office Portfolio (27 Properties)Medical OfficeNationwide Refinance Capital OneRemedy Medical Properties$510 Million2-July
111 Wall StreetOfficeManhattanRefinanceAllianzWafra Capital Partners$500 Million23-June
Aspen Lake ThreeOfficeAustin, TexasAcquisitionJackson National Life Insurance Co.Apollo Global Management$375 Million17-June

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

Read the September 2021 issue of CPE.

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