Transactions: July-August 2021

A coast-to-coast roundup of noteworthy office and industrial deals.

CityPlace Tower

SALES

PropertyAsset TypeLocationBuyerSellerNotes/Arranged ByValueDate Announced
5600 East Airport DriveIndustrialOntario, Calif.Costco WholesaleCenterPoint Properties$345 Million6-May
Government Office Portfolio (3 Properties)OfficeBaltimore; Tallahassee, Fla.; Miami, OhioNGP GroupCoreCivic$326 Million28-May
CoverMyMeds HeadquartersOfficeColumbus, OhioQatar First BankCambridgeMorgan Stanley provided financing.$240 Million17-May
The Spring District – Block 24OfficeBellevue, Wash.Brookfield PropertiesShorenstein Properties, Wright Runstad & Co., JPMorgan Global AlternativesEastdil Secured represented the seller.$200 Million26-May
CityPlace TowerOfficeWest Palm Beach, Fla.Related Cos.W. R. Berkley$175 Million21-May
2001 DC StationOfficeDaly City, Calif.Phase 3 Real Estate PartnersHarvest Properties, Cerberus Capital$169 Million7-May
Sobrato Office TowerOfficeSan Jose, Calif.Lane PartnersOracleBlackstone Mortgage Trust provided financing.$155 Million20-May

FINANCING

PropertyAsset TypeLocationType of FinancingLenderArranged ByBorrower / NotesAmountDate Announced
555 California StreetOfficeSan FranciscoRefinanceJPMorgan ChaseVornado Realty Trust, Trump Organization$1.2 Billion11-May
114 West 47th Street & 1133 Avenue of the AmericasOfficeManhattanCMBSCitibank (trustee)The Durst Organization$1.1 Billion11-May
Nationwide Industrial Portfolio (86 Properties)IndustrialNationwideCMBSGoldman Sachs, Bank of AmericaTPG$500 Million19-May
AT&T Office PortfolioOfficeNationwideAcquisitionUMB BankReign Capital$347 Million28-May
Nationwide Industrial Portfolio (18 Properties)IndustrialNationwideRefinancePrudential FinancialBrookfield Properties$286 Million27-May
141 Willoughby StreetOfficeBrooklynConstructionAllianzSavanna$264 Million11-May

To have your transaction featured, submit details to [email protected].

Read the July/August 2021 issue of CPE.