Transaction Highlights: November 2022

SALES

Property	Asset Type	Location	Buyer	Seller	Notes/Arranged By	Value	Date Announced
Biogen – Building 8	Office	Cambridge, Mass.	Boston Properties	Biogen	–	$603 Million	16-Sep
601 Massachusetts Ave. NW	Office	Washington, D.C.	Mori Trust	Boston Properties	–	$531 Million	30-Aug
The Lipstick Building	Office	New York, N.Y.	Memorial Sloan Kettering Cancer Center	SL Green Realty	–	$458 Million	6-Sep
7000 Shoreline Court	Office	South San Francisco, Calif.	GI Partners	Alexandria Real Estate Equities	–	$170 Million	16-Sep
458-486 E. Lambert Road	Industrial	Fullerton, Calif.	GCP	BlackRock	–	$156 Million	8-Sep
3 MetroTech Center	Office	Brooklyn, N.Y.	New York University	JP Morgan Asset Management	–	$122 Million	14-Sep

FINANCING

Property	Asset Type	Location	Type of Financing	Lender	Arranged By	Borrower / Notes	Amount	Date Announced
Five Times Square	Office	New York, N.Y.	Refinance	Morgan Stanley, Apollo, AIG	–	RXR Realty, SL Green	$1.3 Billion	8-Sep
State Street Financial Center	Office	Boston	Refinance	MSD Capital	–	Fortis Property Group	$763 Million	15-Sep
Gateway 303 – Building A & B	Industrial	Goodyear, Ariz.	Construction	Truist Bank	–	MDH Partners	$650 Million	23-Aug
75 Rockefeller Plaza	Office	New York, N.Y.	Refinance	Bank of America, Carlyle	Newmark	RXR Realty	$260 Million	31-Aug
Boynton Gateway	Office	Boston	Construction	Brookfield Asset Management	JLL Capital Markets	CV Properties, Cannon Hill Capital Partners, L&B Realty Advisors	$222 Million	14-Sep
1237 West Division	Industrial	Chicago	Construction	Wells Fargo Bank, Inland Bank and Trust, Associated Bank	–	Logistics Property Co.	$150 Million	22-Aug

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

Read the November 2022 issue of CPE.