Transaction Highlights: May 2023

SALES

Property	Asset Type	Location	Buyer	Seller	Notes/Arranged By	Value	Date Announced
Owens Corning Plant	Industrial	Santa Clara, Calif.	Amazon	Owens Corning	–	$238 Million	7-Mar
2000 Galloping Hill Road	Office	Kenilworth, N.J.	Onyx Equities, Machine Investment Group	Merck	JLL represented the seller in the sale-leaseback transaction.	$188 Million	1-Mar
Richmond Distribution Center III	Industrial	Richmond, Calif.	Reyes Holdings	Ares Management	Colliers and JLL arranged the deal.	$140 Million	3-Mar
100 Jefferson Road	Industrial	Parsippany, N.J.	J&J Farms Creamery	JFR Global Investments	–	$131 Million	15-Mar
South Lake at Dulles Corner	Office	Herndon, Va.	Vision Properties	Griffin Realty Trust	–	$110 Million	2-Mar
Campanelli Business Park – 64 Leona Drive	Industrial	Middleborough, Mass.	Lincoln Property Company	Christmas Tree Shops	–	$105 Million	21-Feb
San Felipe Plaza	Office	Houston, Texas	Sovereign Partners	Parkway Properties	–	$89 Million	22-Feb

FINANCING

Property	Asset Type	Location	Type of Financing	Lender	Arranged By	Borrower / Notes	Amount	Date Announced
Avia Labs at Millbrae Station	Office	Millbrae, Calif.	Construction	Otera Capital	JLL	Longfellow Real Estate Partners	$310 Million	1-Mar
600 Third Ave.	Office	New York, N.Y.	Refinance	Credit Agricole Corporate & Investment Bank	–	BlackRock	$160 Million	6-Mar
Four-Property Portfolio	Industrial	National	Refinance	Citibank	–	Malouf	$157 Million	10-Mar
Bridge Point I5 – Building 1	Industrial	Milton, Wash.	Construction	Heitman	–	Bridge Industrial	$135 Million	28-Feb
31 West 27th St.	Office	New York, N.Y.	Refinance	Aareal Bank AG	–	Savanna	$100 Million	8-Mar
College Point Logistics Center	Industrial	College Point, N.Y.	Construction	Allianz	–	Wildflower	$94 Million	17-Mar

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

Read the May 2023 issue of CPE.