{"id":1004551623,"date":"2021-09-30T09:38:22","date_gmt":"2021-09-30T17:38:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004551623"},"modified":"2022-12-06T23:55:18","modified_gmt":"2022-12-07T07:55:18","slug":"transactions-october-2021","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transactions-october-2021\/","title":{"rendered":"Transaction Highlights: October 2021"},"content":{"rendered":"
\"725<\/a>

725 Ponce. Image courtesy of New City Properties<\/p><\/div>\n\n\n

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

SALES<\/h3>\n\n\n
Property<\/td>Asset Type<\/td>Location<\/td>Buyer<\/td>Seller<\/td>Notes\/Arranged By<\/td>Value<\/td>Date Announced<\/td><\/tr>
Industrial\/Office Portfolio (29 Properties)<\/td> Industrial, Office <\/td>Nationwide<\/td>Mapletree US Management<\/td>Sila Realty Trust<\/td>–<\/td>$1.3 Billion<\/td>22-July<\/td><\/tr>
The BEAT<\/td>Office<\/td>Boston<\/td>Beacon Capital Partners<\/td>Alcion Ventures<\/td>–<\/td>$363 Million<\/td>19-August<\/td><\/tr>
1111 Broadway<\/td>Office<\/td>Oakland, Calif.<\/td>Swift Real Estate Partners<\/td>Ellis Partners<\/td>–<\/td>$325 Million<\/td>16-August<\/td><\/tr>
725 Ponce<\/td>Office<\/td>Atlanta<\/td>Cousins<\/td>New City Properties<\/td>The buyer provided a self-financed acquisition loan.<\/td>$300 Million<\/td>2-August<\/td><\/tr>
520 Almanor<\/td>Office<\/td>Sunnyvale, Calif.<\/td>GI Partners<\/td>Lane Partners<\/td>Eastdil Secured represented the seller.<\/td>$254 Million<\/td>20-July<\/td><\/tr>
One South at The Plaza<\/td>Office<\/td>Charlotte, N.C.<\/td>Tourmaline Capital Partners<\/td>Cousins<\/td>CBRE represented the seller.<\/td>$272 Million<\/td>29-July<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n

FINANCING<\/h3>\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>
One SoHo Square<\/td>Office<\/td>Manhattan<\/td>Refinance<\/td>Goldman Sachs<\/td>–<\/td>Stellar Management<\/td>$785 Million<\/td>29-July<\/td><\/tr>
Terminal Stores<\/td> Office<\/td>Manhattan<\/td> Refinance <\/td>Blackstone Group<\/td>–<\/td>Columbia Property Trust<\/td>$731 Million<\/td>21-August<\/td><\/tr>
1301 Avenue of the Americas<\/td> Office <\/td>Manhattan<\/td> Refinance <\/td>Wells Fargo, Morgan Stanley<\/td>Eastdil Secured arranged the financing.<\/td>Paramount Group<\/td>$860 Million<\/td>20-August<\/td><\/tr>
DC Office Portfolio (12 Properties)<\/td> Office<\/td>Washington, D.C.<\/td> Acquisition <\/td>JPMorgan Chase<\/td>–<\/td>Brookfield Properties<\/td>$443 Million<\/td>26-July<\/td><\/tr>
The National<\/td>Office<\/td>Dallas<\/td>Refinance<\/td>Starwood Capital Group<\/td>–<\/td>Todd Interests<\/td>$245 Million<\/td>9-August<\/td><\/tr>
1450 Broadway<\/td>Office<\/td>Manhattan<\/td>CMBS<\/td>Bank of Montreal<\/td>Newmark arranged the financing.<\/td>The Zar Group<\/td>$215 Million<\/td>25-August<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n

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

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

A coast-to-coast roundup of noteworthy office and industrial deals.<\/p>\n","protected":false},"author":858,"featured_media":1004551624,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1521,21825],"tags":[],"class_list":["post-1004551623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-finance"],"acf":[],"yoast_head":"\nTransaction Highlights: October 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-october-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transaction Highlights: October 2021\" \/>\n<meta property=\"og:description\" content=\"A coast-to-coast roundup of noteworthy office and industrial deals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/transactions-october-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=\"2021-09-30T17:38:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T07:55:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Transactions_725-Ponce.-Image-courtesy-of-New-City-Properties.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1115\" \/>\n\t<meta property=\"og:image:height\" content=\"836\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Patricia Todoran\" \/>\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-october-2021\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/transactions-october-2021\/\",\"name\":\"Transaction Highlights: October 2021 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transactions-october-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transactions-october-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Transactions_725-Ponce.-Image-courtesy-of-New-City-Properties.png\",\"datePublished\":\"2021-09-30T17:38:22+00:00\",\"dateModified\":\"2022-12-07T07:55:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f547b1eac105812782717d6bf5e798bc\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transactions-october-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/transactions-october-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transactions-october-2021\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Transactions_725-Ponce.-Image-courtesy-of-New-City-Properties.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/Transactions_725-Ponce.-Image-courtesy-of-New-City-Properties.png\",\"width\":1115,\"height\":836,\"caption\":\"725 Ponce. 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