{"id":1004659506,"date":"2023-05-03T13:15:32","date_gmt":"2023-05-03T21:15:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004659506"},"modified":"2023-05-03T21:22:52","modified_gmt":"2023-05-04T05:22:52","slug":"transaction-highlights-may-2023","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-may-2023\/","title":{"rendered":"Transaction Highlights: May 2023"},"content":{"rendered":"
\"Avia<\/a>

Avia Labs at Millbrae Station. Rendering courtesy of Longfellow Real Estate Partners<\/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>
Owens Corning Plant<\/td>Industrial<\/td>Santa Clara, Calif.<\/td>Amazon<\/td>Owens Corning<\/td> –<\/td>$238 Million<\/td>7-Mar<\/td><\/tr>
2000 Galloping Hill Road<\/td>Office<\/td>Kenilworth, N.J.<\/td>Onyx Equities, Machine Investment Group<\/td>Merck<\/td>JLL represented the seller in the sale-leaseback transaction.<\/td>$188 Million<\/td>1-Mar<\/td><\/tr>
Richmond Distribution Center III<\/td>Industrial<\/td>Richmond, Calif.<\/td>Reyes Holdings<\/td>Ares Management<\/td> Colliers and JLL arranged the deal.<\/td>$140 Million<\/td>3-Mar<\/td><\/tr>
100 Jefferson Road<\/td>Industrial<\/td>Parsippany, N.J.<\/td>J&J Farms Creamery<\/td>JFR Global Investments<\/td> –<\/td>$131 Million<\/td>15-Mar<\/td><\/tr>
South Lake at Dulles Corner<\/td>Office<\/td>Herndon, Va.<\/td>Vision Properties<\/td>Griffin Realty Trust<\/td> –<\/td>$110 Million<\/td>2-Mar<\/td><\/tr>
Campanelli Business Park – 64 Leona Drive<\/td>Industrial<\/td>Middleborough, Mass.<\/td>Lincoln Property Company<\/td>Christmas Tree Shops<\/td> –<\/td>$105 Million<\/td>21-Feb<\/td><\/tr>
San Felipe Plaza<\/td>Office<\/td>Houston, Texas<\/td>Sovereign Partners<\/td>Parkway Properties<\/td> –<\/td>$89 Million<\/td>22-Feb<\/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>
Avia Labs at Millbrae Station<\/td>Office<\/td>Millbrae, Calif.<\/td>Construction<\/td>Otera Capital<\/td>JLL<\/td>Longfellow Real Estate Partners<\/td>$310 Million<\/td>1-Mar<\/td><\/tr>
600 Third Ave.<\/td>Office<\/td>New York, N.Y.<\/td>Refinance<\/td>Credit Agricole Corporate & Investment Bank<\/td> –<\/td>BlackRock<\/td>$160 Million<\/td>6-Mar<\/td><\/tr>
Four-Property Portfolio<\/td>Industrial<\/td>National<\/td>Refinance<\/td>Citibank<\/td> –<\/td>Malouf<\/td>$157 Million<\/td>10-Mar<\/td><\/tr>
Bridge Point I5 – Building 1<\/td>Industrial<\/td>Milton, Wash.<\/td>Construction<\/td>Heitman<\/td> –<\/td>Bridge Industrial<\/td>$135 Million<\/td>28-Feb<\/td><\/tr>
31 West 27th St.<\/td>Office<\/td>New York, N.Y.<\/td>Refinance<\/td>Aareal Bank AG<\/td> –<\/td>Savanna<\/td>$100 Million<\/td>8-Mar<\/td><\/tr>
College Point Logistics Center<\/td>Industrial<\/td>College Point, N.Y.<\/td>Construction<\/td>Allianz<\/td> –<\/td>Wildflower<\/td>$94 Million<\/td>17-Mar<\/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 May 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":1004659507,"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-1004659506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-finance"],"acf":[],"yoast_head":"\nTransaction Highlights: May 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-may-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transaction Highlights: May 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-may-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=\"2023-05-03T21:15:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-04T05:22:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/CPE-Transactions-Avia-Labs-at-Millbrae-Station-Rendering-courtesy-of-Longfellow-Real-Estate-Partners.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/transaction-highlights-may-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/transaction-highlights-may-2023\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1d2a393e4a57d6d45707374e94ab4fef\"},\"headline\":\"Transaction Highlights: May 2023\",\"datePublished\":\"2023-05-03T21:15:32+00:00\",\"dateModified\":\"2023-05-04T05:22:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/transaction-highlights-may-2023\\\/\"},\"wordCount\":297,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/transaction-highlights-may-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/CPE-Transactions-Avia-Labs-at-Millbrae-Station-Rendering-courtesy-of-Longfellow-Real-Estate-Partners.jpg\",\"articleSection\":[\"Digital Edition\",\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/transaction-highlights-may-2023\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/transaction-highlights-may-2023\\\/\",\"name\":\"Transaction Highlights: May 2023 - 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