{"id":1004531794,"date":"2021-05-11T22:06:00","date_gmt":"2021-05-12T06:06:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004531794"},"modified":"2022-12-08T07:54:28","modified_gmt":"2022-12-08T15:54:28","slug":"transactions-may-2021","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transactions-may-2021\/","title":{"rendered":"Transactions: May 2021"},"content":{"rendered":"\n
\"\"
Uptown Station in Oakland, Calif. Image courtesy of CIM Group<\/em>
<\/figcaption><\/figure>\n\n\n\n

READ THE DIGEST<\/a><\/p>\n\n\n\n

SALES<\/h3>\n\n\n\n
Property<\/strong><\/td>Asset Type<\/strong><\/td>Location<\/strong><\/td>Buyer<\/strong><\/td>Seller<\/strong><\/td>Notes\/Arranged By<\/strong><\/td>Value<\/strong><\/td>Date Announced<\/strong><\/td><\/tr>
The Crescent<\/td>Office<\/td>Dallas<\/td>Crescent Real Estate<\/td>J.P. Morgan Asset Management<\/td>–<\/td>$700 Million<\/td>23-March<\/td><\/tr>
Uptown Station<\/td>Office<\/td>Oakland, Calif.<\/td>Mapletree US Management<\/td>CIM Group<\/td>Newmark represented the seller.<\/td>$420 Million<\/td>4-March<\/td><\/tr>
2 MiamiCentral & 3 MiamiCentral<\/td>Office<\/td>Miami<\/td>EQ Office<\/td>Shorenstein Properties<\/td>–<\/td>$230 Million<\/td>19-March<\/td><\/tr>
8011 Villa Park Drive<\/td>Office, Data Center<\/td>Henrico, Va.<\/td>Mapletree US Management<\/td>Longships Capital Partners<\/td>–<\/td>$207.8 Million<\/td>12-March<\/td><\/tr>
930 West Evergreen Ave.<\/td>Industrial<\/td>Chicago<\/td>Prologis<\/td>Greenfield Partners<\/td>–<\/td>$99.8 Million<\/td>15-March<\/td><\/tr>
5037 Patata Street<\/td>Industrial<\/td>South Gate, Calif.<\/td>Overton Moore Properties<\/td>Armstrong World Industries<\/td>–<\/td>$76.7 Million<\/td>10-March<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

FINANCING<\/h3>\n\n\n\n
Property<\/strong><\/td>Asset Type<\/strong><\/td>Location<\/strong><\/td>Type of Financing<\/strong><\/td>Lender<\/strong><\/td>Arranged by<\/strong><\/td>Borrower \/ Notes<\/strong><\/td>Amount<\/strong><\/td>Date Announced<\/strong><\/td><\/tr>
Prime Healthcare Portfolio<\/td>Office, Health Care, Retail<\/td>Nationwide<\/td>Refinance<\/td>UMB Bank<\/td>–<\/td>Prime Healthcare Services<\/td>$700 Million<\/td>19-Feb.<\/td><\/tr>
One Park Avenue<\/td>Office<\/td>Manhattan<\/td>CMBS Refinance<\/td>Deutsche Bank, Barclays<\/td>CBRE arranged the financing.<\/td>Vornado Realty Trust, Canada Pension Plan Investment Board<\/td>$525 Million<\/td>1-March<\/td><\/tr>
575 Lexington Ave.<\/td>Office<\/td>Manhattan<\/td>Refinance<\/td>Aareal Bank, Paramount Group, Oaktree Capital Management<\/td>Cushman & Wakefield arranged the financing.<\/td>Angelo Gordon & Co., Normandy Real Estate Partners, George Comfort & Sons<\/td>$415 Million<\/td>22-March<\/td><\/tr>
125 West End Ave.<\/td>Office<\/td>Manhattan<\/td>Construction<\/td>Apollo Global Management, Oaktree Capital Management<\/td>JLL Capital Markets arranged the financing.<\/td>Taconic Investment Partners<\/td>$393 Million<\/td>17-March<\/td><\/tr>
Nationwide Portfolio (17 Properties)<\/td>Industrial, Office<\/td>Nationwide<\/td>Refinance<\/td>Wells Fargo<\/td>–<\/td>Exeter Property Group<\/td>$305.5 Million<\/td>23-Feb.<\/td><\/tr>
Nationwide Portfolio (14 Properties)<\/td>Industrial, Office<\/td>Nationwide<\/td>Refinance<\/td>Wells Fargo<\/td>–<\/td>NorthBridge Partners<\/td>$235.6 Million<\/td>24-Feb.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

To have your transaction featured, submit details to Jeffrey.Hamann@cpe-mhn.com.<\/em><\/p>\n\n\n\n

Read the May 2021 issue of CPE.<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A coast-to-coast selection of recent noteworthy investment and finance deals.<\/p>\n","protected":false},"author":861,"featured_media":1004531796,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,1521,21825],"tags":[34301,32789,32799,32791,32796,32944],"class_list":["post-1004531794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-digital","category-finance","tag-apollo-global-management","tag-cbre","tag-cushman-wakefield","tag-deutsche-bank","tag-jll","tag-oaktree-capital-management"],"acf":[],"yoast_head":"\nTransactions: May 2021 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/transactions-may-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transactions: May 2021\" \/>\n<meta property=\"og:description\" content=\"A coast-to-coast selection of recent noteworthy investment and finance deals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/transactions-may-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-12T06:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T15:54:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Uptown-Station-in-Oakland-Calif.-Image-courtesy-of-CIM-Group.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transactions-may-2021\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/transactions-may-2021\/\",\"name\":\"Transactions: May 2021 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transactions-may-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transactions-may-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Uptown-Station-in-Oakland-Calif.-Image-courtesy-of-CIM-Group.jpg\",\"datePublished\":\"2021-05-12T06:06:00+00:00\",\"dateModified\":\"2022-12-08T15:54:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9dada606742ec2aa010683bdabf468f4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transactions-may-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/transactions-may-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transactions-may-2021\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Uptown-Station-in-Oakland-Calif.-Image-courtesy-of-CIM-Group.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Uptown-Station-in-Oakland-Calif.-Image-courtesy-of-CIM-Group.jpg\",\"width\":800,\"height\":620,\"caption\":\"Uptown Station. 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