Transaction Highlights: September 2022

SALES

Property	Asset Type	Location	Buyer	Seller	Notes/Arranged By	Value	Date Announced
LogistiCenter at Eastvale	Industrial	Eastvale, Calif.	Rexford Industrial	Dermody Properties	–	$470 Million	19-Jul
450 Park Ave.	Office	New York, N.Y.	SL Green Realty	Oxford Properties Group	Transaction was finalized on June 30.	$445 Million	20-Apr
640 Columbia St.	Industrial	Brooklyn, N.Y.	CBRE Investment Management	Goldman Sachs Asset Management, DH Property Holdings	Cushman & Wakefield arranged the deal.	$330 Million	30-Jun
1221 Brickell Ave.	Office	Miami	The Citadel Organization	Rockpoint Group	–	$287 Million	23-Jun
1401 Lawrence St.	Office	Denver, Colo.	PGIM Real Estate	Heitman	CBRE represented the seller.	$233 Million	1-Jul
555 S. Aviation Blvd.	Office	El Segundo, Calif.	FS Investments	Tishman Speyer	Natixis provided acquisition financing.	$206 Million	24-Jun

FINANCING

Property	Asset Type	Location	Type of Financing	Lender	Arranged By	Borrower / Notes	Amount	Date Announced
770 Broadway	Office	New, York, N.Y.	Refinance	Morgan Stanley	–	Vornado Realty Trust	$700 Million	6-Jul
Sacramento Portfolio	Office	The Sacramento metro	Refinance	Bank of the West	–	Pappas Investments	$455 Million	23-Jun
A 23-Building Portfolio	Industrial	National	Acquisition	JPMorgan Chase	Cushman & Wakefield	Ares Management	$368 Million	19-Jul
1001 Office Towers	Office	Bellevue, Wash.	Refinance	Wells Fargo Bank	–	Trammell Crow	$320 Million	1-Jul
Two Independence Square	Office	Washington, D.C.	Refinance	UMB Bank	–	Ocean West Capital Partners	$275 Million	30-Jun
18007 E. Garland Ave.	Industrial	Spokane Valley, Wash.	Refinance	Goldman Sachs	–	Preylock Real Estate Holdings	$223 Million	30-Jun

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

Read the September 2022 issue of CPE.