{"id":1004647999,"date":"2023-03-02T09:34:12","date_gmt":"2023-03-02T17:34:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004647999"},"modified":"2023-03-02T09:34:14","modified_gmt":"2023-03-02T17:34:14","slug":"transaction-highlights-march-2023","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-march-2023\/","title":{"rendered":"Transaction Highlights: March 2023"},"content":{"rendered":"
\"1001<\/a>

1001 Perimeter Summit. Image courtesy of JLL<\/p><\/div>\n\n\n

\n
READ THE DIGEST<\/a><\/div>\n<\/div>\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>
Gatehouse BioHub<\/td>Office<\/td>Waltham, Mass.<\/td>Alexandria Real Estate Equities<\/td>AstraZeneca<\/td> –<\/td>$273 Million<\/td>29-Dec.<\/td><\/tr>
1001, 2002 and 4004 Perimeter Summit<\/td>Office<\/td>Atlanta<\/td>Spear Street Capital<\/td>State Street<\/td>JLL represented the seller.<\/td>$248 Million<\/td>12-Jan.<\/td><\/tr>
Cherry Logistics Center<\/td>Industrial<\/td>Newark, Calif.<\/td>BentallGreenOak<\/td>MetLife Real Estate Investment<\/td> –<\/td>$138 Million<\/td>23-Dec.<\/td><\/tr>
Newark Distribution Center<\/td>Industrial<\/td>Newark, N.J.<\/td>Hines Interests<\/td>Turnbridge Equities, Long Wharf Capital<\/td>JLL arranged the sale.<\/td>$128 Million<\/td>29-Dec.<\/td><\/tr>
13204-13250 Philadelphia Ave.<\/td>Industrial<\/td>Fontana, Calif.<\/td>BentallGreenOak<\/td>MetLife Real Estate Investment<\/td> –<\/td>$127 Million<\/td>22-Dec.<\/td><\/tr>
Rockefeller Group Logistics Park<\/td>Industrial<\/td>Northampton, Pa.<\/td>Link Logistics<\/td>Rockefeller Group<\/td>JLL brokered the transaction.<\/td>$91 Million<\/td>28-Dec.<\/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>
Sherwin Williams HQ<\/td>Office<\/td>Cleveland, Ohio<\/td>Construction<\/td>CGA Capital<\/td> –<\/td>Benderson Development Co.<\/td>$892 Million<\/td>30-Dec.<\/td><\/tr>
One Madison Avenue<\/td>Office<\/td>New York, N.Y.<\/td>Construction<\/td>Wells Fargo Bank<\/td> –<\/td>SL Green Realty<\/td>$575 Million<\/td>22-Dec.<\/td><\/tr>
Gulf Landing Logistics Center<\/td>Industrial<\/td>Fort Myers, Fla.<\/td>Construction<\/td>Bank OZK<\/td> –<\/td>Butters Group, BentallGreenOak<\/td>$197 Million<\/td>22-Dec.<\/td><\/tr>
Beaumont Crossroads Logistics Park II – Building 1<\/td>Industrial<\/td>Beaumont, Calif.<\/td>Construction<\/td>Texas Citizens Bank<\/td> –<\/td>USAA Real Estate<\/td>$152 Million<\/td>13-Jan.<\/td><\/tr>
Interstate Crossing Logistics Center <\/td>Industrial<\/td>Spartanburg, S.C.<\/td>Refinance<\/td>Mizuho Bank<\/td> –<\/td>EQT Exeter<\/td>$145 Million<\/td>29-Dec.<\/td><\/tr>
Middlefield Crossing<\/td>Office<\/td>Mountain View, Calif.<\/td>Refinance<\/td>Citibank<\/td> –<\/td>Prometheus Real Estate Group<\/td>$84 Million<\/td>13-Jan.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

To have your transaction featured, submit details to Agota Felhazi at agota.felhazi@yardi.com<\/a>.<\/em><\/p>\n\n\n\n

Read the March 2023 issue of CPE.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A coast-to-coast roundup of noteworthy office and industrial deals.<\/p>\n","protected":false},"author":1314,"featured_media":1004648000,"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-1004647999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-finance"],"acf":[],"yoast_head":"\nTransaction Highlights: March 2023 - 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\/transaction-highlights-march-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transaction Highlights: March 2023\" \/>\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\/transaction-highlights-march-2023\/\" \/>\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=\"2023-03-02T17:34:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-02T17:34:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/CPE-1001-Perimeter-Summit-Image-courtesy-of-JLL.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"844\" \/>\n\t<meta property=\"og:image:height\" content=\"633\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\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\/transaction-highlights-march-2023\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-march-2023\/\",\"name\":\"Transaction Highlights: March 2023 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-march-2023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-march-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/CPE-1001-Perimeter-Summit-Image-courtesy-of-JLL.jpg\",\"datePublished\":\"2023-03-02T17:34:12+00:00\",\"dateModified\":\"2023-03-02T17:34:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1d2a393e4a57d6d45707374e94ab4fef\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-march-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-march-2023\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-march-2023\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/CPE-1001-Perimeter-Summit-Image-courtesy-of-JLL.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/CPE-1001-Perimeter-Summit-Image-courtesy-of-JLL.jpg\",\"width\":844,\"height\":633,\"caption\":\"Transactions. 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