Transactions: April 2021
April 5, 2021
A selection of noteworthy deals announced between January 1 February 15, 2021.
SALES
Property | Asset Type | Location | Buyer | Seller | Notes/Arranged By | Value | Date Announced |
Phillips Point | Office | West Palm Beach, Fla. | Related Cos. | AEW Capital Management | – | $281.9 Million | 21-Jan. |
10Edison | Industrial | Edison, N.J. | Property Reserve | Rockefeller Group | – | $247 Million | 26-Jan. |
860 Washington | Office | Manhattan | Meadow Partners | Property Group Partners | Cushman & Wakefield brokered the transaction. | $230 Million | 5-Jan. |
300 South Brevard | Office | Charlotte, N.C. | Hana Financial Group | Stream Realty | CBRE represented the seller and secured acquisition financing. | $201 Million | 25-Jan. |
Home Depot Distribution Center | Industrial | Hialeah, Fla. | CenterPoint Properties | Florida East Coast Realty | – | $184 Million | 4-Jan. |
9050 W. Washington Blvd. | Office | Culver City, Calif. | Hackman Capital Partners | H&R REIT | Eastdil Secured secured acquisition financing. | $160 Million | 26-Jan. |
FINANCING
Property | Asset Type | Location | Type of Financing | Lender | Arranged by | Borrower / Notes | Amount | Date Announced |
410 10th Avenue | Office | Manhattan | Acquisition | JPMorgan Chase | – | The 601W Cos. | $565 Million | 14-Jan. |
Nationwide Portfolio (35 Properties) | Industrial | Nationwide | Acquisition | Bank of America, Barclays, Goldman Sachs | – | Link Logistics | $555 Million | 21-Jan. |
Nationwide Portfolio (39 Properties) | Office, Industrial, Retail | Nationwide | Bridge | Wells Fargo | – | Oak Street Real Estate Capital | $416.8 Million | 20-Jan. |
100 Park Avenue | Office | Manhattan | Refinance | Aareal Bank | – | SL Green Realty | $360 Million | 8-Jan. |
The Gas Company Tower | Office | Los Angeles | Refinance | Citibank, Morgan Stanley | – | Brookfield Properties | $465 Million | 27-Jan. |
195 Broadway | Office | Manhattan | Refinance | Helaba | – | L&L Holding Co. | $350 Million | 5-Jan. |
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