Transaction Highlights: July 2022

June 30, 2022

Madison Centre 2. Image courtesy of Barings and Schnitzer West

Property	Asset Type	Location	Buyer	Seller	Notes / Arranged By	Value	Date Announced
Madison Centre	Office	Seattle	Boston Properties	Schnitzer West, Barings	Newmark arranged the transaction.	$730 Million	17-May
550 Terry Francois	Office	San Francisco	DivcoWest	Gap	–	$356 Million	4-May
Brooklyn Logistics Center	Industrial	Brooklyn, N.Y.	CBRE Investment Management	Wildflower	–	$228 Million	26-April
1101 Westlake	Office	Seattle	BioMed Realty	Invesco Real Estate	Newmark facilitated the deal.	$152 Million	29-April
Middlebrook Crossroads	Industrial	Bound Brook, N.J.	Starwood Capital Group	Terreno Realty	–	$110 Million	2-May
9151 East Panorama Circle	Office	Centennial, Colo.	Drawbridge Realty Trust	Warba Bank	–	$106 Million	18-April

Property	Asset Type	Location	Type of Financing	Lender	Arranged By	Borrower / Notes	Amount	Date Announced
A 20-property Portfolio	Industrial	National	Refinance	Morgan Stanley	–	Brookfield Properties	$566 Million	4-May
CURE.	Office	New York, N.Y.	Refinance	AIG	–	Deerfield	$440 Million	25-April
Bell Works	Office	Holmdel, N.J.	Refinance	Citibank	Meridian Capital Group	Somerset Development	$210 Million	20-April
Foundry at Drydock	Office	Boston	Construction	Citizens Bank National Association	JLL	Marcus Partners	$194 Million	25-April
Market Station	Office	Denver	Refinance	Pacific Life Insurance Co.	JLL	Continuum Partners, Clarion Partners	$130 Million	12-May
Lexington Corporate Center	Office	Lexington, Mass.	Refinance	ACORE Capital	–	Singerman Real Estate	$119 Million	25-April