Transaction Highlights: April 2023

SALES

Property	Asset Type	Location	Buyer	Seller	Notes/Arranged By	Value	Date Announced
Sierra Business Park – Building 5	Industrial	Fontana, Calif.	Rexford Industrial	Tireco	–	$365 Million	30-Jan.
I-10 Logistics Center	Industrial	Beaumont, Calif.	Brookfield Properties	Shopoff Realty Investments, Artemis Real Estate Partners	CBRE brokered the deal.	$329 Million	27-Jan.
Fifteen Laight	Office	New York, N.Y.	Hyundai	Vanbarton Group	Newmark arranged the transaction.	$274 Million	15-Feb.
2020 Piper Ranch Road	Industrial	San Diego, Calif.	LaSalle Investment Management	Ares Management	Cushman & Wakefield represented the seller.	$127 Million	27-Jan.
1065 Cranbury South River Road	Industrial	South Brunswick, N.J.	Morgan Stanley	IDI Logistics	–	$102 Million	23-Jan.
2575 Route 206	Industrial	Eastampton, N.J.	Glendale Warehouse and Distribution	Rockefeller Group	–	$83 Million	24-Jan.

FINANCING

Property	Asset Type	Location	Type of Financing	Lender	Arranged By	Borrower / Notes	Amount	Date Announced
30-property portfolio	Industrial	National	Refinancing	Computershare	–	Brookfield Properties	$550 Million	15-Feb.
National portfolio	Industrial	National	Refinancing	Goldman Sachs	–	Stonemont Financial Group	$541 Million	15-Feb.
Multi-state portfolio	Office	National	Refinancing	TIAA	JLL	Adler Real Estate Partners	$193 Million	23-Jan.
InnoLabs	Office	Long Island City, N.Y.	Refinancing	ACORE Capital	–	GFP Real Estate	$114 Million	15-Feb.
The Gateway at Wynwood	Office	Miami, Fla.	Refinancing	A10 Capital	–	R&B Realty Group	$113 Million	15-Feb.
Kemble Plaza I	Office	Morristown, N.J.	Refinancing	Valley National Bank	–	Onyx Equities	$85 Million	27-Jan.

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

Read the April 2023 issue of CPE.