Transactions: December 2020

December 3, 2020

70 & 80 at Fairview. Image courtesy of Newmark Knight Frank

Property	Asset Type	Location	Buyer	Seller	Notes/Arranged By	Value	Date Announced
Genesis Life Sciences Portfolio	Office	South San Francisco, Calif.	Ventas	Phase 3 Real Estate Partners/Bain Capital	Eastdil Secured represented the seller.	$1 Billion	15-Oct
70 & 80 at Fairview	Office	Falls Church, Va.	Vanderbilt Partners	Marcus Partners	Newmark Knight Frank closed the transaction.	$87.5 Million	13-Oct
Shirlington Tower	Office	Arlington, Va.	Monday Properties/neo capital	Velocis/Moore & Associates	Cushman & Wakefield represented the seller and brokered financing for the buyer.	$76 Million	9-Oct
1802 Jim Johnson Road	Industrial	Plant City, Fla.	iStar	C&S Wholesale Grocers	–	$70 Million	12-Oct
Zappos Headquarters	Office	Las Vegas	DTP Cos.	Resort Gaming Group	–	$65 Million	20-Oct
329 Wyckoff Mills Road	Industrial	Hightstown, N.J.	Modway	Exeter Property Group	Morgan Stanley provided financing.	$62 Million	19-Oct

Property	Asset Type	Location	Type of Financing	Lender	Arranged by	Borrower / Notes	Amount	Date Announced
11 Penn Plaza	Office	Manhattan	Refinancing	Private Lender	–	Vornado Realty Trust	$500 Million	20-Oct
Fenton Offices	Office	Cary, N.C.	Construction	Bank OZK	–	Columbia Development	$199.2 Million	1-Oct
120 Wall St.	Office	Manhattan	Refinancing	Wells Fargo, JPMorgan Chase, Citigroup	Ackman-Ziff Real Estate Group	Silverstein Properties	$165 Million	8-Oct
The HUB at Goodyear	Industrial	Goodyear, Ariz.	Acquisition	New York Life Insurance Co.	CBRE	Mack Real Estate Group	$48.5 Million	2-Oct
6101 Centinela Ave.	Office	Culver City, Calif.	Refinancing	Aegon	CBRE	Watt Cos.	$39.8 Million	5-Oct
Pacific Gateway	Office	Torrance, Calif.	Acquisition	Wells Fargo	CBRE	Nome Ventures	$39.3 Million	12-Oct