{"id":1004653676,"date":"2023-03-30T11:50:58","date_gmt":"2023-03-30T19:50:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004653676"},"modified":"2023-03-31T05:45:27","modified_gmt":"2023-03-31T13:45:27","slug":"transaction-highlights-april-2023","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-april-2023\/","title":{"rendered":"Transaction Highlights: April 2023"},"content":{"rendered":"
\"I-10<\/a>

I-10 Logistics Center. Image courtesy of Shopoff Realty Investments<\/em><\/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>
Sierra Business Park – Building 5<\/td>Industrial<\/td>Fontana, Calif.<\/td>Rexford Industrial<\/td>Tireco<\/td> –<\/td>$365 Million<\/td>30-Jan.<\/td><\/tr>
I-10 Logistics Center<\/td>Industrial<\/td>Beaumont, Calif.<\/td>Brookfield Properties<\/td>Shopoff Realty Investments, Artemis Real Estate Partners<\/td>CBRE brokered the deal.<\/td>$329 Million<\/td>27-Jan.<\/td><\/tr>
Fifteen Laight<\/td>Office<\/td>New York, N.Y.<\/td>Hyundai<\/td>Vanbarton Group<\/td>Newmark arranged the transaction.<\/td>$274 Million<\/td>15-Feb.<\/td><\/tr>
2020 Piper Ranch Road<\/td>Industrial<\/td>San Diego, Calif.<\/td>LaSalle Investment Management<\/td>Ares Management<\/td>Cushman & Wakefield represented the seller.<\/td>$127 Million<\/td>27-Jan.<\/td><\/tr>
1065 Cranbury South River Road<\/td>Industrial<\/td>South Brunswick, N.J.<\/td>Morgan Stanley<\/td>IDI Logistics<\/td> –<\/td>$102 Million<\/td>23-Jan.<\/td><\/tr>
2575 Route 206<\/td>Industrial<\/td>Eastampton, N.J.<\/td>Glendale Warehouse and Distribution<\/td>Rockefeller Group<\/td> –<\/td>$83 Million<\/td>24-Jan.<\/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>
30-property portfolio<\/td>Industrial<\/td>National<\/td>Refinancing<\/td>Computershare<\/td>– <\/td>Brookfield Properties<\/td>$550 Million<\/td>15-Feb.<\/td><\/tr>
National portfolio<\/td>Industrial<\/td>National<\/td>Refinancing<\/td>Goldman Sachs<\/td> –<\/td>Stonemont Financial Group<\/td>$541 Million<\/td>15-Feb.<\/td><\/tr>
Multi-state portfolio<\/td>Office<\/td>National<\/td>Refinancing<\/td>TIAA<\/td>JLL<\/td>Adler Real Estate Partners<\/td>$193 Million<\/td>23-Jan.<\/td><\/tr>
InnoLabs<\/td>Office<\/td>Long Island City, N.Y.<\/td>Refinancing<\/td>ACORE Capital<\/td> –<\/td>GFP Real Estate<\/td>$114 Million<\/td>15-Feb.<\/td><\/tr>
The Gateway at Wynwood<\/td>Office<\/td>Miami, Fla.<\/td>Refinancing<\/td>A10 Capital<\/td> –<\/td>R&B Realty Group<\/td>$113 Million<\/td>15-Feb.<\/td><\/tr>
Kemble Plaza I<\/td>Office<\/td>Morristown, N.J.<\/td>Refinancing<\/td>Valley National Bank<\/td> –<\/td>Onyx Equities<\/td>$85 Million<\/td>27-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 April 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":1004653677,"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-1004653676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-finance"],"acf":[],"yoast_head":"\nTransaction Highlights: April 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-april-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transaction Highlights: April 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-april-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=\"2023-03-30T19:50:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-31T13:45:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Transactions_CPE-I-10-Logistics-Center.-Image-courtesy-of-Shopoff-Realty-Investments.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"910\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\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-april-2023\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-april-2023\/\",\"name\":\"Transaction Highlights: April 2023 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-april-2023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-april-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Transactions_CPE-I-10-Logistics-Center.-Image-courtesy-of-Shopoff-Realty-Investments.jpg\",\"datePublished\":\"2023-03-30T19:50:58+00:00\",\"dateModified\":\"2023-03-31T13:45:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1d2a393e4a57d6d45707374e94ab4fef\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-april-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-april-2023\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-april-2023\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Transactions_CPE-I-10-Logistics-Center.-Image-courtesy-of-Shopoff-Realty-Investments.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Transactions_CPE-I-10-Logistics-Center.-Image-courtesy-of-Shopoff-Realty-Investments.jpg\",\"width\":910,\"height\":683,\"caption\":\"Transactions. 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